I am need of leasehold conveyancing for a flat in a fairly new development (five years old) in Fenny Stratford. 95% of the flats have already been occupied. Is it strictly necessary to order local searches as part of conveyancing in Fenny Stratford?
Where you are obtaining a loan, your lender will need some (many) of the searches so you'll have no choice. If not, then Fenny Stratford conveyancing searches are for you to decide upon. Your solicitor, will 'advise', perhaps strongly, that you should not go ahead without searches, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you demand that your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to change to another solicitor for your conveyancing in Fenny Stratford.
The Fenny Stratford conveyancing solicitors that just started acting on my house acquisition in Fenny Stratford have without warning closed. I only went with them because I needed a lawyer on the TSB conveyancing panel and my previous Fenny Stratford lawyer was not. I paid them £170 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the TSB conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
My relative advised me that where I am purchasing in Fenny Stratford I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Fenny Stratford conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Fenny Stratford around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Fenny Stratford Education with maps and statistics, Local Amenities and other useful information about Fenny Stratford.
I decided to have a survey carried out on a property in Fenny Stratford before appointing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some lenders tend refuse to grant a loan on this type of home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Fenny Stratford. Conveyancing will be smoother if you use a solicitor in Fenny Stratford especially if they are acquainted with such properties in Fenny Stratford.
In my capacity as executor for the estate of my father I am disposing of a house in Monmouth but reside in Fenny Stratford. My conveyancer (approximately 235 miles awayrequires that I execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Fenny Stratford to witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are based in Fenny Stratford
Back In 2004, I bought a leasehold house in Fenny Stratford. Conveyancing and Nationwide Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Fenny Stratford who acted for me is not around. Do I pay?
First contact HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Fenny Stratford conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Fenny Stratford - Examples of Questions you should ask Prior to buying
Make sure you investigate if there are any onerous prohibitions in the lease. For instance it is reasonably common in Fenny Stratford leases that pets are not allowed in certain buildings in Fenny Stratford. If you love the apartmentin Fenny Stratford however your dog can’t live with you then you will be presented with a hard choice. On the whole the outlay for major works are not wrapped into the maintenance charges, albeit that some managing agents in Fenny Stratford obliged leasehold owners to pay into a sinking fund created for the specific intention of establishing a fund for larger works. The answer will be important as a) areas could cause problems in the block as the common areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will want to have full disclosure