Me and my fiancee are buying our first home. The conveyancer has texted usto ask if we want to take out supplemental conveyancing searches. As novices we in the dark as to what's necessary for conveyancing in Fenny Stratford

The range of Fenny Stratford conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your familiarity of the area and risks, your general appetite to risk. What is important is that you properly understand what information the searches could give you. You may then make a decision if you personally think you need that information. If in doubt, ask the lawyer to provide guidance.

My friend recommended that if I am purchasing in Fenny Stratford I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is usually quoted for as part of the standard Fenny Stratford conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Fenny Stratford around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Fenny Stratford.

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

Most buyers of new build residence in Fenny Stratford approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because developers 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 property lawyers 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 hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Fenny Stratford. Conveyancing lawyers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Fenny Stratford ?

The majority of houses in Fenny Stratford are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in Fenny Stratford so you should seriously consider shopping around for a Fenny Stratford conveyancing practitioner and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will appraise you on the various issues.

I purchased a 2 bed flat in Fenny Stratford, conveyancing having been completed 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Fenny Stratford with a long lease are worth £181,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2075

With 51 years unexpired the likely cost is going to span between £30,400 and £35,200 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.

If instructed can a conveyancer remove a person from the title of my property in Fenny Stratford ?

Extracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer