Is there a reason why leasehold purchase conveyancing in Sawston costs more?
Sawston leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I have 7378 less than 75 years unexpired on my lease and need a lease extension for my flat in Sawston. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 14/7/2024 the requirements read as follows :
A colleague recommended that where I am buying in Sawston I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Sawston conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Sawston around the property and the people living there. It incorporates 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 House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Sawston.
I decided to have a survey done on a property in Sawston in advance of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some lenders will not give a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sawston. Conveyancing may be slightly more expensive based on your lender's requirements.
What tools are available to locate a Sawston law firm on the Birmingham Midshires conveyancing panel? I drive a motor bike and am prepared to travel upto 10miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please select a mortgage company and your location and you will see a number of Sawston conveyancing lawyers located nearest you. We have listed some Sawston conveyancing firms at the bottom of this page and you can ring them to see if they are on the Birmingham Midshires panel
I would like to rent out my leasehold apartment in Sawston. 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 Sawston do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience suggests 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.
Leasehold Conveyancing in Sawston - Examples of Questions you should consider Prior to Purchasing
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How much is the maintenance charge and ground rent on the flat? The best form of lease structure is a share of the freehold. In this scenario the tenants benefit from control and although a managing agent is frequently retained where it is larger than a house conversion, the managing agent is directed by the tenants. The answer will be important as a) areas can result in problems for the building as the common areas may begin to deteriorate if repairs remain unpaid b) if the tenants have a dispute with the managing agents you will want to have all the details