Me and my fiancee are buying our first house. Our conveyancer has messagedto check if we want to purchase extra conveyancing searches. Frankly we in the dark as to what's relevant for conveyancing in Stansted
The type of Stansted conveyancing searches should be dictated entirely on the property, the location, the likelihood of any of these risks, your familiarity of the area and risks, your overall approach to risk. What matters is that you properly comprehend what information the searches could give you. You may then decide if you personally think you need that search. Where you are unclear, ask your conveyancing practitioner to explain.
I purchased a freehold premises in Stansted but still invoiced for rent, why is this and what is this?
It is rare for properties in Stansted and has limited impact for conveyancing in Stansted 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
We're in Stansted, First time buyers purchasing with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am purchasing a detached bungalow in Stansted. We would like to convert the garage to a playroom at the house.Will the conveyancing process involve checks to ascertain if these works were previously refused?
Your conveyancer will check the deeds as conveyancing in Stansted can sometimes identify restrictions in the title deeds which prohibit certain changes or need the consent of another owner. Certain extensions need local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
I happen to be the only beneficiary of my late father’s will with all property in now in my sole name, including the house in Stansted. Conveyancing formalities meant that the Land Registry date was in August. I now wish to sell up. I do know about the CML six month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in August. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How practical a view banks take of it, depend on the lender as this requirement primarily exists to capture subsales or the quick reselling of properties.
Planning on purchasing a apartment in Stansted. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stansted conveyancing practitioner is on the Aldermore conveyancing panel.
My fiance and I may need to let out our Stansted garden flat for a while due to a career opportunity. We used a Stansted conveyancing practice in 2003 but they have since shut and we did not think at the time seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Notwithstanding that your previous Stansted conveyancing solicitor is no longer around you can review your lease to check if you are permitted to let out the property. The rule is that if the lease is silent, subletting is permitted. Quite often there is a prerequisite that you must seek consent via your landlord or other appropriate person prior to subletting. The net result is that you cannot sublet in the absence of prior consent. The consent is not allowed to be unreasonably refused ore delayed. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I am the registered owner of a 1 bedroom flat in Stansted, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Stansted with a long lease are worth £196,000. The ground rent is £45 per annum. The lease finishes on 21st October 2084
With only 64 years unexpired the likely cost is going to be between £15,200 and £17,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
Been on the hunt for a property lawyer for freehold sale conveyancing in Stansted. We are selling, simple no mortgage to pay off, no rush, currently empty. Had an estimate from a lawyer for £800 plus VAT which is a little expensive given that its so straightforward. Can I pay less for conveyancing in Stansted?
As it’s a sale only, £425 + VAT should be about the cheapest for sale conveyancing in Stansted.