Do the conveyancing lawyers listed on your site execute auction conveyancing in Leighton Buzzard?
There are a few niche solicitors we can connect you with those who can conduct auction conveyancing. Leighton Buzzard is just one of the many areas of in which our lawyers have offices.
I own a freehold residence in Leighton Buzzard but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Leighton Buzzard and has limited impact for conveyancing in Leighton Buzzard but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
How does conveyancing in Leighton Buzzard differ for new build properties?
Most buyers of new build residence in Leighton Buzzard come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because builders in Leighton Buzzard usually purchase 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 conveyancing solicitors 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 Leighton Buzzard or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Leighton Buzzard I like with amenity areas and transport links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Leighton Buzzard for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I need to instruct a conveyancing solicitor in Leighton Buzzard for my house move. Can I see a solicitor's record with the profession’s regulator?
One can find published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA could recorded call for training reasons.
I am intending to rent out my leasehold flat in Leighton Buzzard. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Some leases for properties in Leighton Buzzard do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I own a 1 bedroom flat in Leighton Buzzard, conveyancing was carried out in 2005. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Leighton Buzzard with over 90 years remaining are worth £211,000. The ground rent is £45 yearly. The lease finishes on 21st October 2089
With 67 years unexpired the likely cost is going to span between £10,500 and £12,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.