Would the conveyancing lawyers listed on your site carry out conveyancing in Stratford Upon Avon by way of an attended exchange?
We do have a number of conveyancing specialists carrying out 24hr exchanges. Please e-mail us to get a fee calculation and details as to availability.
I own a freehold premises in Stratford Upon Avon but still invoiced for rent, why is this and what is this?
It is rare for properties in Stratford Upon Avon and has limited impact for conveyancing in Stratford Upon Avon 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 creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Do I have to attend the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Stratford Upon Avon so that I can attend their offices if necessary.
Nowadays approved lawyers for lenders carry out the vast majority of work via the post, internet or over phone calls. This means that they can undertake the conveyancing transaction regardless of where you live in the country. However you should see if you have the option of going to the offices of your conveyancing lawyer if just in case this is required.
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Stratford Upon Avon?
Unless a prior purchase of the house completed post 12 October 2013 you can assume that lawyers handling conveyancing in Stratford Upon Avon to remain encouraging a chancel search and or insurance against a claim.
How does conveyancing in Stratford Upon Avon differ for newly converted properties?
Most buyers of new build property in Stratford Upon Avon come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Stratford Upon Avon typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Stratford Upon Avon or who has acted in the same development.
Can you provide any top tips for leasehold conveyancing in Stratford Upon Avon with the aim of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Stratford Upon Avon can be avoided if you instruct lawyers the minute you market your property and ask them to put together the leasehold information needed by the purchasers’ conveyancers. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Stratford Upon Avon leases often stipulate that internal structural changes or addition of wooden flooring calls for a licence from the Landlord acquiescing to such works. Where you fail to have the consents in place do not contact the landlord without checking with your conveyancer in the first instance. You may think that you are aware of the number of years remaining on your lease but it would be wise to verify this by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is less than 75 years. It is therefore important at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. A minority of Stratford Upon Avon leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
I acquired a ground floor flat in Stratford Upon Avon, conveyancing formalities finalised in 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Stratford Upon Avon with a long lease are worth £170,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease expires on 21st October 2103
With only 79 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. 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. Please do not move forward placing reliance on this information without first getting professional advice.