Do lawyers request money up-front for conveyancing in Bishops Stortford?
If you are buying a property in Bishops Stortford your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. Normally this is needed to cover the fees of the Local Authority Search. If any deposit is as part of the total price then this will be required shortly prior to contracts are exchanged. The final balance that is needed should be sent to your lawyer a couple of days ahead of the day of completion.
Do I need to take out insurance to cover chancel repairs when buying a property in Bishops Stortford?
Unless a previous acquisition of the house completed post 12 October 2013 you may take it that solicitors delivering conveyancing in Bishops Stortford to remain encouraging a chancel search and or chancel repair liability insurance.
How does conveyancing in Bishops Stortford differ for newly converted properties?
Most buyers of new build residence in Bishops Stortford approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Bishops Stortford tend to acquire 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 Bishops Stortford or who has acted in the same development.
I am looking for a flat up to £195,000 and found one round the corner in Bishops Stortford I like with amenity areas and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Bishops Stortford in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Bishops Stortford and how can your lawyers assist?
The 1954 Act provides protection to business lessees, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Bishops Stortford is one of our numerous areas of the UK in which our lawyers are based
I need to find a conveyancing solicitor for some conveyancing in Bishops Stortford. I happened to stumble upon a site which appears to be the perfect solution If it is possible to get all formalities completed via web that would be preferable. 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?