We just had an offer accepted to purchase with Loughborough BS. I visited a few local practices yet am unable to find a Fenny Stratford conveyancing firm on the Loughborough BS approved list. Can you help?
Feel free to make use of the search tool on this site. Pick the mortgage company and type Fenny Stratford or your location and you will discover a number of lawyer located in Fenny Stratford or near you.
I have todaydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Fenny Stratford for a purchase of a leasehold apartment 18 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Fenny Stratford conveyancing specialists.
How does conveyancing in Fenny Stratford differ for new build properties?
Most buyers of new build premises in Fenny Stratford approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Fenny Stratford typically purchase the land, 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 conveyancers 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 accustomed to new build conveyancing in Fenny Stratford or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Fenny Stratford is where the house is located. Is there any guidance you can give?
Flying freeholds in Fenny Stratford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fenny Stratford you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenny Stratford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Fenny Stratford and how can your lawyers assist?
The particular law that you refer to provides protection to commercial leaseholders, giving them the a statutory right to apply to court for a renewal tenancy and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Fenny Stratford is one of the hundreds of locations in which our lawyers are located
I am a negotiator for a reputable estate agent office in Fenny Stratford where we have witnessed a number of leasehold sales put at risk due to short leases. I have received contradictory information from local Fenny Stratford conveyancing firms. Could you clarify whether the seller of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner 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 can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
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 purchaser.
Leasehold Conveyancing in Fenny Stratford - A selection of Questions you should ask Prior to buying
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Who are the managing agents? For most Fenny Stratford leaseholds the outlay for major works tend not to be wrapped into the service charges, although a few managing agents in Fenny Stratford require leasehold owners to pay into a sinking fund and this is used to offset against larger repairs or maintenance. Best to be warned if window replacement or some other major work is pending that will be shared between the tenants and could well materially impact the level of the service fees or result in a one off payment.