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Recently asked questions about conveyancing in Rushden

As someone unfamiliar with the Rushden conveyancing process what is your top tip you can give me concerning the home moving process in Rushden

You may not hear this from too many lawyers but conveyancing in Rushden or throughout Northamptonshire is an adversarial process. In other words, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the transaction. For example, the seller, estate agent and even potentially a bank. Appointing a lawyer for your conveyancing in Rushden is a critical decision as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to act in your best interests and to keep you safe.

Sometimes a third party with a vested interest will try and convince you that you should follow their advice. For example, the estate agent may claim to be assisting by suggesting your conveyancer is slow. Or your mortgage broker may try to convince you to do take action that is contrary to your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

Have completed on a a semi-detached house in Rushden , how long should it take for the Land Registry to record my title? My Rushden conveyancing solicitor has been very slow, so I want to be sure that my name is recorded.

There is nothing unique when it comes to conveyancing in Rushden registration formalities. Rather than based on location, timescales can differ subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested persons or bodies. As of today approximately three quarters of such applications are completed in less than three weeks but some can be subject to protracted delays. Historically registration is effected after the new owner is living at the property thus 'speed' is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for an expedited registration.

I am looking for a flat up to £195,000 and found one near me in Rushden I like with a park and transport links in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in Rushden in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

If you need a mortgage that many years will likely be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.

I need to instruct a conveyancing solicitor for remortgage conveyancing in Rushden. I happened to chance upon a site which appears to be the perfect solution If there is a chance to get all the legals done via email that would be ideal. Should I 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?

Can you provide any advice for leasehold conveyancing in Rushden with the purpose of expediting the sale process?

  • Much of the delay in leasehold conveyancing in Rushden can be bypassed if you instruct lawyers as soon as you market your property and ask them to collate the leasehold information which will be required by the purchasers’ lawyers.
  • You believe that you know the number of years remaining on your lease but you should double-check by asking your conveyancers. A buyer’s conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Rushden leases often stipulate that internal structural changes or installing wooden flooring necessitate a licence issued by the Landlord approving such works. Should you dont have the consents to hand you should not contact the landlord without contacting your solicitor before hand. Some Rushden leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers. If you are supposed to have a share in the Management Company, you should ensure that you have the original share document. Organising a re-issued share certificate can be a time consuming process and frustrates many a Rushden conveyancing transaction. Where a duplicate share certificate is necessary, you should approach the company officers or managing agents (if relevant) for this as soon as possible.

Rushden Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing

    Be sure to investigate if the the lease includes any unreasonable restrictions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Rushden. If you love the flatin Rushden however your cat is not allowed to make the move with you then you will be presented with a hard determination. What is the service charge and ground rent on the flat? Where a Rushden lease has no more than eighty years it will have adverse implications on the salability of the apartment. It is worth checking with your mortgage company that they are content with residual term of the lease. A short lease means that you will probably have to extend the lease sooner rather than later and it is worth finding out what this would cost. Remember, in most cases you will need to own the property for two years in order to be legally able to extend the lease.

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