Do lenders provide you with an approved list of Bourton on the Water conveyancing solicitors? How do you know who is on the RBS conveyancing panel?

Bourton on the Water conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Bourton on the Water?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bourton on the Water. 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 looking for a leasehold apartment up to £195,000 and identified one round the corner in Bourton on the Water I like with open areas and railway links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Bourton on the Water for this price, so just wondered if I would be making a mistake purchasing a short lease?

If you require a home loan that many years will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.

In my capacity as executor for the estate of my uncle I am selling a property in Newport but I am based in Bourton on the Water. My solicitor (based 235 kilometers awayhas requested that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Bourton on the Water who can witness and place their company stamp on the document?

strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Bourton on the Water based

I am employed by a reputable estate agency in Bourton on the Water where we have experienced a few leasehold sales put at risk due to short leases. I have been given inconsistent advice from local Bourton on the Water conveyancing firms. Please can you shed some light as to whether the vendor of a flat can commence the lease extension process for the buyer?

Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord 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 purchaser.

Leasehold Conveyancing in Bourton on the Water - Sample of Questions you should ask before buying

Is the freehold owned collectively by the leaseholders? Is anyone aware of any major works anticipated that will increase the service fees? In the main the outlay for major works are not included within service charges, although there some managing agents in Bourton on the Water obliged tenants to pay into a sinking fund and this is used to offset against larger repairs or maintenance.