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Find a Great Barford Conveyancing Solictior on Your Lender’s Panel

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

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Recently asked questions about conveyancing in Great Barford

I have been recommended a conveyancing solicitor in Great Barford. I I am struggling to find out whether they are accepted on the Halifax approved list of lawyers. Could you help?

The first thing to do is contact the lawyer and ask them whether they are on the lender panel. Otherwise please call Halifax who may be able to confirm.

Will commercial conveyancing searches disclose proposed roadworks that could impact a commercial premises in Great Barford?

Many commercial conveyancing solicitors in Great Barford will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Great Barford. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Great Barford.

For each commercial conveyancing transaction in Great Barford it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Great Barford commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Great Barford.

About to purchase a new build flat in Great Barford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Great Barford

    Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.

My brother has recommend that I use his conveyancing solicitors in Great Barford. Should I use them?

There are no two ways about it the best way to choose a conveyancing solicitor is to have feedback from friends or relatives who have actually previously instructed the conveyancer that you are are thinking of instructing.

I am attracted to a two flats in Great Barford which have in the region of forty five years remaining on the leases. Should I regard a short lease as a deal breaker?

There is no doubt about it. A leasehold apartment in Great Barford is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the property. For most purchasers and banks, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Great Barford conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I inherited a 1 bedroom flat in Great Barford, conveyancing formalities finalised 10 years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Great Barford with a long lease are worth £216,000. The ground rent is £50 per annum. The lease runs out on 21st October 2093

With 69 years left to run the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.

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Neighbouring Locations

St Neots
Great Barford
Biggleswade
Sandy

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