Can you explain why leasehold purchase conveyancing in Potton is more expensive?
The conveyancing fees on a leasehold premises in Potton is often more expensive when contrasted to a freehold residence. This is because there is an amount of extra time required in liaising with the landlord and management company to obtain information about whether the rent and service fee have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Potton I like with amenity areas and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in Potton in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I am looking into buying my first house which is in Potton and I am already nervous. I couldn't find anything specific about Potton. Conveyancing will be needed in due course but do you know about the Potton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Potton. In the meantime here are some basic statistics that we found
I need to find a conveyancing solicitor for sale conveyancing in Potton. I have chance upon a site which appears to be the perfect solution If there is a chance to get all the legals done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My in 2008. He has since got wed, divorced and has recently married again. He now intends to dispose of the Potton property. I think he will just be need to provide a copy of his marriage certificates to the conveyancing practitioner but he is worried it could delay the conveyancing. Should he appoint a conveyancing practitioner to update the Land Registry information for the property?
It is not absolutely necessary to bring up to date the title for the property as long as you have the evidence needed to demonstrate how the change of name resulted.
Any buyer’s conveyancing practitioner will check the title information and request evidence to prove the name change for example marriage certificates.