Me and my wife are buying a leasehold flat in Stow on the Wold. My Conveyancer is not listed on the mortgage company solicitor panel. Is it possible for me to appoint my Stow on the Wold conveyancing solicitor notwithstanding that they are excluded from the lender panel?
You will need to appoint a property lawyer to complete the formalities if you need a mortgage to buy your property. The conveyancing practitioner will carry out all the appropriate legal checks on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage paperwork is in place. You could select a Stow on the Wold lawyer of your choosing. However, if the conveyancing practitioner selected is not on the lender solicitor panel supplemental charges will arise as separate legal representation will be required by them. Lender panel applications may be submitted, so if your conveyancer has not historically sought membership they can do so.
I have given 8 weeks notice to my current landlord and must leave my let out flat in Stow on the Wold by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 4 weeks as I wish to avoid having to find temporary accommodation?
The normal practice is not to provide notice on a rental unless your lawyer suggests that you should. Assuming that you have not previously done so, notify to your lawyer and urge them to they seek the assistance the other lawyers, try to get a realistic time scale from them that everyone will look towards
Various web forums that I have frequented warn that are the main cause of delay in Stow on the Wold house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Stow on the Wold.
I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Stow on the Wold I like with a park and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Stow on the Wold for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage that many years may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
As co-executor for the will of my uncle I am selling a property in Neath but reside in Stow on the Wold. My solicitor (based 260 miles awayneeds me to execute a stat dec before completion. Can you recommend a conveyancing lawyer in Stow on the Wold who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Stow on the Wold
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £200,000 garden flat in Stow on the Wold in just under a week. The freeholder has quoted £396 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Stow on the Wold?
Stow on the Wold conveyancing on leasehold maisonettes usually requires the buyer’s conveyancer sending questions for the landlord to address. Although the landlord is under no legal obligation to address these enquiries the majority will be willing to do so. They are at liberty to levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some cases it is above £800. The administration charge invoiced by the landlord must be sent together with a summary of entitlements and obligations in respect of administration fees, without which the charge is not strictly payable. In reality one has little choice but to pay whatever is requested of you if you want to exchange contracts with the buyer.
Stow on the Wold Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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What is the the remaining lease term? What prohibitions are contained in the Stow on the Wold Lease? Are any of leasehold owners in dispute over their service charge liability?