My husband and I are buying a newly built apartment in Stanford Le Hope and my conveyancer is advising me that she is duty bound to the mortgage company to reveal incentives from the builder. I am under pressure to sign contracts and I don't want to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can you explain why leasehold purchase conveyancing in Stanford Le Hope costs more?
In summary, leasehold conveyancing in Stanford Le Hope and Essex usually warrants additional work compared to freehold conveyancing. This includes lease investigation, corresponding with the landlord about serving applicable notices, procuring current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
The deeds to our property are lost. The conveyancers who handled the conveyancing in Stanford Le Hope 10 years ago are no longer around. What do I do?
Assuming the title is registered the information relating to your proprietorship will be documented by the Land Registry under a Title Number. It is possible to execute a search at the Land Registry, locate your house and secure current copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
Hoping to buy a property located in Stanford Le Hope and I am already nervous. I couldn't find anything specific about Stanford Le Hope. Conveyancing will be needed in due course but do you know about the Stanford Le Hope area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stanford Le Hope. In the meantime here are some basic statistics that we found
Harry (my fiance) and I may need to rent out our Stanford Le Hope basement flat for a while due to taking a sabbatical. We instructed a Stanford Le Hope conveyancing practice in 2004 but they have closed and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?
Your lease governs relations between the freeholder and you the leaseholder; in particular, it will indicate if subletting is not allowed, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Stanford Le Hope do not contain an absolute prevention of subletting – such a clause would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I am the registered owner of a leasehold flat in Stanford Le Hope, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Stanford Le Hope with over 90 years remaining are worth £186,000. The ground rent is £55 per annum. The lease expires on 21st October 2077
You have 52 years remaining on your lease we estimate the price of your lease extension to span between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
I need to assess quotes for conveyancing in Stanford Le Hope from various conveyancer and appoint one. Should I get them to sit tight until I a suitable flat to buy.
We suggest that you wait to ask your conveyancer to open a file and apply for searches once the sales memorandum has been sent by the estate agent especially as Stanford Le Hope conveyancing searches are costly.