I have an AIP. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel lawyer as I would much rather instruct a Stotfold based conveyancing firm?
Do check but the chances are that allocate you one of their panel conveyancers if you accept the "fee-free" incentive. Contact the bank and check if they allow a monetary alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Stotfold.
How does conveyancing in Stotfold differ for new build properties?
Most buyers of new build premises in Stotfold come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Stotfold usually purchase the site, 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 Stotfold or who has acted in the same development.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Stotfold and how can your lawyers assist?
The particular law that you refer to affords a safeguard to business tenants, giving them the legal entitlement to make a request to court for a renewal lease and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Stotfold
I need to retain a conveyancing solicitor for remortgage conveyancing in Stotfold. I happened to land on a site which seems to have the perfect offering If it is possible to get all this stuff completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
One month into purchasing a residence in Stotfold. Conveyancing lawyer has phoned to say the property is "Leasehold". Will this likely impact the salability of the house?
Stotfold conveyancing does not normally involve leasehold houses. The main factor here is the remaining lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's almost the same as freehold, so it’s unlikely to impact the value significantly.
At the other end of the spectrum, if it's, say, Sixty years it will have a adverse effect on the value, and most likely wouldn't be acceptable to the bank. The remaining lease term and ground rent will be specified in the lease to be supplied to your conveyancer.