The mortgage agreement from Santander for the refinancing of my 4 bedroom apartment is expected imminently. Are you able to propose a low cost conveyancing law firm in Wendover?

You are on the wrong site if you are seeking the cheapest conveyancing in Wendover. We can offer you value for money conveyancing but we do not work with the cheapest lawyers. Do not be fooled by organisations enticing you with low cost conveyancing in Wendover. Optimistically, in choosing a lawyer for cheap conveyancing, you will earn what you pay for and at worst you will end up being stung for additional fees and still not get the service you were hoping for.

I am looking for a leasehold apartment up to £305k and identified one near me in Wendover I like with a park and transport links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Wendover for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.

I need to instruct a conveyancing solicitor for my conveyancing in Wendover. I happened to land on a site which looks to be the ideal offering If there is a chance to get all the legals done via email that would be ideal. Do I need to 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?

I am employed by a long established estate agent office in Wendover where we see a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Wendover conveyancing firms. Could you shed some light as to whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Leasehold Conveyancing in Wendover - Examples of Questions you should ask before buying

If a Wendover lease has less than eighty years it will have adverse implications on the value of the property. Check with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will probably have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you would need to own the residence for 24 months before you are eligible to carry out a lease extension. The best form of lease structure is if the freehold interest is owned by the leaseholders. In this arrangement the tenants have being in charge if their destiny and although a managing agent is often retained if the building is bigger than a house conversion, the managing agent employed by the leaseholders. Is there a share of the freehold?

My aunt completed her conveyancing in Wendover Six years ago. She has got married, widowed and in recent months got married again. She intends to sell the property next spring. I suspect that she will just be requested to provide a copy of the marriage papers to the lawyer but she is worried it could hold up the conveyancing. Should she instruct a conveyancer to update the title information for the property?

The is no need to bring up to date the title for the property providing you have the evidence needed to demonstrate how the name change occurred.

The purchaser’s solicitor will review the registered entries and need evidence to establish the change of name for instance marriage documentation.