Is there a reason why leasehold purchase conveyancing in Stanwell costs more?

In short, leasehold conveyancing in Stanwell and elsewhere usually involve extra work compared to freehold conveyancing. This includes lease investigation, communicating with the landlord about serving applicable notices, procuring current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.

We're in Stanwell, First timers buying with a mortgage (lender is Kent Reliance , and our solicitor is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.

I purchased my house on 11 August and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Stanwell said it would be recorded in less than a month. Are transfers in Stanwell uniquely lengthy to register?

There is nothing unique about conveyancing in Stanwell registration formalities. Rather than based on location, timeframes can adjust according to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd persons or bodies. As of today in the region of 80% of such applications are fully dealt with within 12 days but some can be subject to protracted delays. Registration takes place once the new owner is living at the property thus post completion formalities is not always primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.

How does conveyancing in Stanwell differ for newly converted properties?

Most buyers of new build premises in Stanwell contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Stanwell typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stanwell or who has acted in the same development.

Back In 2008, I bought a leasehold house in Stanwell. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Stanwell who previously acted has long since retired. What should I do?

The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Stanwell conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Following months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Stanwell. Can we issue an application to the Residential Property Tribunal Service?

You certainly can. We are happy to put you in touch with a Stanwell conveyancing firm who can help.

An example of a Lease Extension decision for a Stanwell flat is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The unexpired term as at the valuation date was 82.93 years.