I am need of leasehold conveyancing for an apartment in a relatively new development (seven years built) in Stone. Almost all the flats are already sold. Is it strictly necessary to order neighbourhood searches as part of conveyancing in Stone?
Conveyancing Searches are a central link in the Stone conveyancing process. There are a large number of companies conducting Stone conveyancing searches, as well straight from the local authority. These are generally termed personal search providers due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Stone is where the house is located. Can you offer any advice?
Flying freeholds in Stone are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stone you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stone may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are new on the property ladder - had an offer accepted, yet the estate agent advised that the vendor will only proceed if we appoint the agent's chosen conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Stone
We suspect that the seller is not behind this request. If they desire ‘a quick sale', alienating a serious buyer is counter productive. Try to communicate with the owners directly and make the point that (a)you are motivated buyers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you intend to use your preferred Stone conveyancing firm - not the ones that will provide their estate agent a kickback or meet his conveyancing figures pre-set by senior management.
Looking forward to complete next month on a leasehold property in Stone. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Stone should include some of the following:
-
Do you need to have carpet in the flat or are you allowed wood flooring? Ground rent - how much and what the invoice dates are, and be on notice if this is subject to change Your lawyers should enable you to have an understanding of the insurance requirements What you can do if another leaseholder in the building is in violation of a provision in their lease? The total ownership of the property. This will be the flat itself but may incorporate a roof space or storage are if relevant.
I own a garden flat in Stone, conveyancing formalities finalised April 2011. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Stone with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ends on 21st October 2095
You have 71 years left to run we estimate the price of your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
I am buying a house and need a conveyancing solicitor in Stone who is on the mortgage company solicitor panel. Can you recommend a Stone or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Stone. We dont recommend any particular firm.