The loan agreement from HSBC for the refinancing of my 3 bedroom garden flat is due any day now. Are you able to recommend a cheap conveyancing practitioner in Stockbridge?
You have arrived at the wrong site to search for cut-price fees for conveyancing in Stockbridge. Our aim is to provide cost effective conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint organisations teasing you with low cost conveyancing in Stockbridge. In your best case scenario, in deciding on low cost conveyancing, you will get your money’s worth and at worst it will result in you spending a lot in extras and still not receive the service expected.
I have given 2 months notice to my existing landlord and must be out of my rented property in Stockbridge by the end of next month. Conveyancing on my purchase is underway. Can I complete in a couple of weeks as don't want to have to move into temporary accommodation?
It is unwise to provide notice on a rental until you have exchanged. Assuming that you have not previously done so, update to your conveyancer and ask them to they chase the sellers solicitors, try to an agreed time frame that everyone will aim to achieve
In what way does my ID and proof of funds have anything to do with my conveyancing in Stockbridge? Is this really necessary?
Stockbridge conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the identity of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of ID (typically a Passport or Driving Licence) and evidence of address (typically a Bank Statement less than 3 months old).
Confirmation of the origin of funds is also required in compliance with the money laundering statutes as lawyers have a duty to check that the monies you are using to purchase a property (whether it be the deposit for exchange or the full purchase price if you are a cash purchaser) has originated from a reputable source (such as employment savings) and is not the proceeds of illegitimate behaviour.
Me and my brother own a renovated Victorian property in Stockbridge. Conveyancing lawyer represented me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stockbridge and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who carried out the work.
As co-executor for the will of my uncle I am selling a residence in Swansea but I am based in Stockbridge. My solicitor (who is 235 miles from meneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Stockbridge who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are located in Stockbridge
I am looking at a two maisonettes in Stockbridge which have in the region of forty five years left on the leases. Will this present a problem?
There are no two ways about it. A leasehold flat in Stockbridge is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most purchasers and mortgage companies, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Stockbridge conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Leasehold Conveyancing in Stockbridge - Sample of Queries Prior to Purchasing
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What is the yearly service fee and ground rent? Is anyone aware of any major works anticipated that will add a premium to the service fees? It would be a good idea to enquire if there is anything that is prohibited in the lease. For example it is reasonably common in Stockbridge leases that pets are not allowed in in a block in Stockbridge. If you love the propertyin Stockbridge however your dog is not allowed to make the move with you then you will be presented with a difficult decision.