Would the conveyancing solicitors listed on your site carry out conveyancing in Duxford by way of an attended exchange?
We do have a number of conveyancing experts who can conduct personalised exchanges. You should e-mail us to obtain a costs illustration and details as to dates.
We are buying a flat in Duxford. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to send money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am the sole recipient of my late father’s will and I have everything in my name now, including the my former home in Duxford. The Duxford property was put into my name in August. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the property in August. Do I have to wait 6 months to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some banks would take a practical view as this obligation principally exists to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
Santander have agreed my mortgage in principle, my offer on a flat in Duxford has been agreed to, what are the next steps?
The property agent will wish to be informed of your solicitor's details (make sure the conveyancing practitioners are on the lender’s approved list). Call up Santander or your financial adviser and finalise any appropriate paperwork. Santander will appoint a valuer who will get in contact with the selling agent or owners to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Santander will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Duxford.
What can a local search tell me concerning the property we're purchasing in Duxford?
Duxford conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays a central part in most Duxford conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
Are there restrictive covenants that are commonly identified as part of conveyancing in Duxford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Duxford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My partner has urged me to appoint his lawyers for conveyancing in Duxford. Should I find my own property lawyer?
Much as we are happy to recommend a Duxford conveyancing lawyer it’s preferable to find a conveyancing solicitor is to have feedback from friends or relatives who have used the conveyancer you're are thinking of instructing.
I work for a reputable estate agent office in Duxford where we have witnessed a number of flat sales jeopardised as a result of short leases. I have been given conflicting advice from local Duxford conveyancing solicitors. Can you clarify whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that 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. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
An alternative approach is 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 buyer.
Duxford Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
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You will want to find out as much as possible concerning the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to daily matters such as the tidiness of the communal areas. Don't be afraid to ask other tenants whether they are happy with their management. In conclusion, find out the dates that the maintenance fees are due to the relevant party and specifically what you get for your money. Please inform me if there are any major works anticipated that could add a premium to the maintenance fees? For many Duxford leaseholds the outlay for major works are not built into the maintenance charges, although a few managing agents in Duxford require tenants to pay into a reserve fund and this is used to offset against larger repairs or maintenance.