Can you explain why leasehold purchase conveyancing in Stansted costs more?

Stansted leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

We're in Stansted, FTBs purchasing with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

Just bought a terraced house in Stansted , how long should it take for the Land Registry to register the transfer to my name? My Stansted conveyancing solicitor works at snail pace, so I want to be sure that my ownership is registered.

There is nothing unique when it comes to conveyancing in Stansted registration formalities. Rather than based on location, timeframes can vary according to who lodges the application, whether there are errors and whether the Land registry have to notify any other persons or bodies. At present in the region of 80% of such applications are completed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration takes place after the buyer is living at the property so an expedited registration is not always primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.

I am downsizing from my home. My past solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Stansted if that affects matters.

Please use our search tool to help you find a solicitor for your conveyancing in Stansted. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.

I am attracted to a two apartments in Stansted both have approximately forty five years unexpired on the lease term. should I be concerned?

A lease is a right to use the premises for a prescribed time frame. As a lease shortens the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. This is why it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.

I bought a split level flat in Stansted, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Stansted with over 90 years remaining are worth £211,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease expires on 21st October 2092

You have 67 years remaining on your lease the likely cost is going to range between £10,500 and £12,000 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.