When can the exchange of contracts happen for sale conveyancing in Cambourne and do I need to be at the conveyancers branch?
If you are local to one of the conveyancing solicitors in Cambourne you are welcome to attend to sign contracts. However, the law practices we work with offer a countrywide conveyancing service and give as equally comprehensive and professional a job for you when communicating with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Cambourne)to be in the office at the appropriate time.
My lender has suggested a law firm on their panel based in Cambourne but I would rather use a conveyancing lawyer in Cambourne or nearer to where I live. Are you able to help?
It is by no means the case that all Cambourne conveyancing practices are on all banks conveyancing panel. Use the above find an approved solicitor tool to identify a Cambourne conveyancing conveyancer on the on the bank panel.
A colleague suggested that where I am buying in Cambourne I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Cambourne conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Cambourne around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Cambourne Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Cambourne Education with plans and statistics, Local Amenities and other useful information regarding Cambourne.
There are only Fifty years unexpired on my flat in Cambourne. I am keen to extend my lease but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the landlord. On the whole an enquiry agent may be helpful to conduct investigations and to produce a report which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the application to the County Court covering Cambourne.
I purchased a 1 bedroom flat in Cambourne, conveyancing formalities finalised December 2000. Can you work out an approximate cost of a lease extension? Comparable properties in Cambourne with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease runs out on 21st October 2100
With 80 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
After what seems like an age I have had an offer on an flat in Cambourne agreed to, but there is a chain. The current proprietors have put an offer on on an apartment, although it’s not yet agreed to, and has viewings of other apartments booked. I have selected a nearby conveyancing lawyer in Cambourne. What should be my next step? At what stage do I apply for the mortgage with Nottingham?
It is usual to have anxieties where there is a chain given your reluctance to be too out of pocket prematurely (home loan application is in the region of £1k, then survey, Cambourne conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the Nottingham approved list. Regarding the subsequent phase this very much dictated by the circumstances of your transaction, desire for the property and on the state of the market. During a buoyant market many home buyers would apply for a home loan with Nottingham and arrange for the survey and only if it comes back ok would they request their conveyancing practitioner to press on with searches.