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Ready to buy a new home in Fakenham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Fakenham conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Fakenham

Can you explain why leasehold purchase conveyancing in Fakenham costs more?

The conveyancing charges for a leasehold premises in Fakenham is often greater as compared to a freehold property. This is because there is an amount of additional time required in dealing with the freeholder and managing agents to obtain information concerning whether the rent and service fee have been discharged and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.

I am assisting my sister sell her property in Fakenham. Does the conveyancer commission the energy performance certificate or do I organise this?

After the demise of HIPs, EPC’s was kept a required component of selling a property. An EPC needs to be commissioned prior to the property being advertised. It is not a task that solicitors normally organise. If you are instructing a Fakenham conveyancing solicitor they may help arrange EPC’s given their contacts with long established local providers

I happen to be the single recipient of my late father’s will and I have everything in my name now, including the house in Fakenham. The Fakenham property was put into my name in February. I want to move. I do know about the CML 6 month 'rule', which means that my property ownership will be treated the same way as if I'd bought the property in February. Is the property unsalable for six months?

The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view lenders take of it, depend on the mortgage company as this provision is primarily there to capture subsales or the wholesaling and assigning of property.

When it comes to lenders such as UBS, do Fakenham property lawyers face a fee to be on the conveyancing panel?

We are not aware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.

What will a local search tell me concerning the house I am purchasing in Fakenham?

Fakenham conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays a central role in many a Fakenham conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.

How does the Landlord & Tenant Act 1954 affect my commercial premises in Fakenham and how can your lawyers assist?

The particular law that you refer to affords protection to commercial tenants, granting the a statutory right to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Fakenham

I work for a busy estate agent office in Fakenham where we see a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received inconsistent advice from local Fakenham conveyancing firms. Could you confirm whether the seller of a flat can commence the lease extension process for the purchaser on completion of the sale?

As long as the seller has been the owner 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. 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 at the same time as completion of the sale.

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 buyer.

Fakenham Leasehold Conveyancing - Examples of Questions you should ask before Purchasing

    The answer will be important as a) areas may result in problems in the building as the common areas may start to deteriorate if maintenance remain unpaid b) if the leaseholders have an issue with the running of the building you will wish to have all the details What restrictions are contained in the Fakenham Lease?

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Neighbouring Locations

Burnham Market
Walsingham
Wells Next The Sea
Fakenham
Dereham

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