Are there restrictive covenants that are commonly picked up during conveyancing in Fenny Stratford?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Fenny Stratford. 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…’

How does conveyancing in Fenny Stratford differ for newly converted properties?

Most buyers of new build premises in Fenny Stratford approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Fenny Stratford typically buy the land, 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 accustomed to new build conveyancing in Fenny Stratford or who has acted in the same development.

I am looking for a leasehold apartment up to £305k and identified one near me in Fenny Stratford I like with open areas and station nearby, however it's only got 52 years on the lease. There is not much else in Fenny Stratford for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you require a mortgage the shortness of the lease will likely 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 at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.

How do I identify a Fenny Stratford law firm on the Britannia conveyancing panel? I am a keen cyclist and am happy to travel upto 20kilometers to meet the conveyancer.

You can use the tool on this page. Please pick a lender and your location and you will see a number of Fenny Stratford conveyancing lawyers locally. We have listed some Fenny Stratford conveyancing firms towards the end of this page and you can contact them to check whether they are on the Britannia panel

Completion is due on our sale of a £425,000 flat in Fenny Stratford next week. The landlords agents has quoted £420 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Fenny Stratford?

Fenny Stratford conveyancing on leasehold flats more often than not involves the buyer’s conveyancer submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to such questions the majority will be content to assist. They are entitled to levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is above £800. The administration charge invoiced by the landlord must be sent together with a summary of entitlements and obligations in respect of administration fees, otherwise the invoice is technically not due. Reality however dictates that you have no choice but to pay whatever is requested of you should you wish to exchange contracts with the buyer.

Fenny Stratford Leasehold Conveyancing - A selection of Questions you should consider Prior to Purchasing

How long is the Lease? The prefered form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and even though a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent retained by the leaseholders. Does the lease include onerous restrictions?