Is it the case that all Fenny Stratford CQS (Conveyancing Quality Scheme) solicitors are on the Co-operative conveyancing list of approved firms?
A selection of lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.
I recently had an offer agreed on an apartment in Fenny Stratford. My mortgage broker recommended their conveyancers. I paid an advanced payment of £150. Shortly after, the lawyer called me to say that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I've read lots of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Fenny Stratford solicitor - who is on the Principality conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Fenny Stratford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I require expedited conveyancing in Fenny Stratford as I am under an ultimatum to sign on the dotted line within one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to have searches carried out although no lawyer would suggest that you don't. With lots of history conveyancing in Fenny Stratford the following are examples of issues that can be revealed and adversely impact future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
I am looking for a flat up to £195,000 and found one close by in Fenny Stratford I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Fenny Stratford suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage that many years may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I am on look out for some leasehold conveyancing in Fenny Stratford. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in Fenny Stratford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a studio flat in Fenny Stratford, conveyancing was carried out in 2004. Can you work out an approximate cost of a lease extension? Corresponding properties in Fenny Stratford with an extended lease are worth £202,000. The ground rent is £55 invoiced annually. The lease terminates on 21st October 2078
With 56 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.
What type of premises does your Fenny Stratford conveyancing quotes relate to?
The quotes supplied are only applicable to standard residential premises in England & Wales. Where you have any different requirements such as industrial or agricultural property or commercial conveyancing in Fenny Stratford please telephone us to discuss your requirements .