My partner and I are acquiring our first home. The conveyancing practitioner has texted usto ask if we want to purchase additional conveyancing searches. We are really unsure what's needed for conveyancing in Ampthill
The quantity and type of Ampthill conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your familiarity of the region and risks, your general attitude to risk. What is important is that you properly understand what information each search could provide. Then you can make a decision if you consider that you need that search. If unsure, ask the conveyancer to explain.
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Coventry BS conveyancing panel for instance in Ampthill?
We have not been informed any plans on the part of the BSA to develop such a register.
There are plenty of conveyancing solicitors in Ampthill but how do I know who's good?
Do not opt for the lowest Ampthill conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I just acquired a flat at auction in Ampthill. Conveyancing is required. What is next?
Given that you have now legally committed yourself to purchase you should hire the services of a conveyancing practitioner quickly as you now have a pending a drop dead date to complete the purchase. All auction property should have a bespoke legal pack. This will include most,if not all of the documents that your solicitor requires. In the case of leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the date specified in the contract.
We are getting a further advance on our mortgage from Nationwide as we intend to carry out alterations to our home in Ampthill. Do we need to choose a bricks and mortar Ampthill solicitor on the Nationwide conveyancing panel to handle the paperwork?
Nationwide would not normally instruct a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide panel.
Are there restrictive covenants that are commonly picked up during conveyancing in Ampthill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Ampthill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am employed by a long established estate agent office in Ampthill where we have experienced a number of leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Ampthill conveyancing firms. Please can you shed some light as to whether the seller of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Ampthill Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
Who are the managing agents? The prefered form of lease arrangement is if the freehold title is in the ownership of the leaseholders. In this situation the lessees have control and although a managing agent is often employed where it is bigger than a house conversion, the managing agent is directed by the tenants. Best to be warned whether window replacement or some other major work is coming up that will be shared by the leaseholders and will materially increase the the maintenance costs or necessitate a specific payment.