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Recently asked questions about conveyancing in Aylesbury

I used Action Conveyancing several years past for my conveyancing in Aylesbury. I now require my file however cannot find the solicitor. What do I do?

Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Aylesbury of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.

How does conveyancing in Aylesbury differ for newly converted properties?

Most buyers of new build or newly converted property in Aylesbury approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because builders in Aylesbury tend to buy 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 conveyancers 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 Aylesbury or who has acted in the same development.

Due to the encouragement of my in-laws I had a survey completed on a property in Aylesbury ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some banks tend refuse to issue a mortgage on this type of house.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Aylesbury. Conveyancing may be slightly more expensive based on your lender's requirements.

Expecting to complete next month on a leasehold property in Aylesbury. Conveyancing lawyers have said that they will have a report out to me next week. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Aylesbury should include some of the following:

    You need to be told what counts as a Nuisance as far as the lease is concerned It needs to be made clear to you whether the lease allows you to add or improve aspects of the flat- you should know whether it applies to all alterations or just structural alteration, and whether consent is required specifics of the parties to the lease, for instance these could be the tennant, superior lessor, freeholder Are pets allowed in the flat? What you can do if another leaseholder in the building breaches a clause of their lease?
For details of the information to be included in your report on your leasehold property in Aylesbury please enquire of your conveyancer in advance of your conveyancing in Aylesbury.

Aylesbury Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing

    This question is important as a) areas can cause problems for the block as the common areas may start to deteriorate where services are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to have all the details Is the freehold reversion owned jointly by the tenants? How many years are left on the lease?

Fiveweeks into a sale of a flat in Aylesbury. Conveyancing is fine but we have been asked to pay an extortionate amount from the freeholder. To date we have forked out £237 for a leasehold management pack and then a further £200 plus VAT for supplemental questions supplied by the purchaser's property lawyer.

Neither you or your solicitor will have any control over the extent of the fee for this information but the average fee for the information for Aylesbury leasehold premises is £355. When it comes to Aylesbury conveyancing deals it is usual for the vendor to cover the costs. The freeholder or their agents are under no legal obligation to answer these questions most will be content to do so - albeit often at high prices disproportionate to the work involved. Regretfully there is no legislation that requires fixed fees for administrative tasks. There is no statutory time frame by which they are duty bound to provide answers.

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Find out more about how flying freehold can affect your the value of a property.