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Recently asked questions about conveyancing in Henlow

AssumingI was to purchase a straightforward propertyin Henlow for cash and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Henlow?

Any savings you would achieve would be limited to the Henlow conveyancing searches. Your lawyer still got to do everything else - money laundering, communicating with your vendors conveyancer, SDLT return, register the ownership etc. A slight saving might be made by not needing to register a charge however it won't be meaningful.

I opted to have a survey done on a property in Henlow ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies tend not grant a loan on this type of premises.

It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you e-mail us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Henlow. Conveyancing will be smoother if you use a solicitor in Henlow especially if they regularly deal with such properties in Henlow.

What does commercial conveyancing in Henlow cover?

Henlow conveyancing for business premises covers a broad array of guidance, provided by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.

I've recently bought a leasehold flat in Henlow. Do I have any liability for service charges for periods before my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Henlow Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying

    It is important to be aware if fixing the lift or some other significant cost is due shortly to be shared amongst the tenants and will materially increase the the maintenance charges or require a one time invoice. The prefered form of lease structure is a share of the freehold. In this situation the tenants benefit from control and although a managing agent is frequently retained where the building is bigger than a house conversion, the managing agent retained by the leaseholders. Please note if it is less than 80 years it will affect the marketability of the flat. Check with your mortgage company that they are content with remaining years on the lease. A short lease means that you will most likely have to extend the lease at some point and you need to have some idea of what this will be. Remember, in most cases you will be required to have been the owner of the residence for two years before you are entitled to carry out a lease extension.

Been on the hunt for a property lawyer for freehold sale conveyancing in Henlow. I'm selling, uncomplicated no mortgage to discharge, no hurry, no onward chain. Had an estimate from a property lawyer for £1000 excluding VAT which is a tad high given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Henlow?

As it’s a sale only, 475 + VAT is likely to be about the lowest for sale conveyancing in Henlow.

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Find out more about how flying freehold can affect your the value of a property.