I have been told that property searches are a common cause of obstruction in Saffron Walden conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Saffron Walden.
I used Stirling Law several years ago for my conveyancing in Saffron Walden. I now require my file however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Saffron Walden of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build flat in Saffron Walden. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Saffron Walden
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. Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Can you offer any advice when it comes to choosing a Saffron Walden conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Saffron Walden conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Saffron Walden conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
What are the charges for lease extension conveyancing? How familiar is the firm with lease extension legislation?
Saffron Walden Leasehold Conveyancing - Sample of Queries Prior to Purchasing
Most Saffron Walden leasehold properties will be liable to pay a service charge for maintenance of the block set on behalf of the landlord. Should you acquire the property you will have to pay this charge, usually periodically accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge to be met yearly, this is usually not a large sum, say about £25-£75 but you need to check as on occasion it can be prohibitively expensive. In the main the cost for major works are not included within maintenance charges, albeit that a few managing agents in Saffron Walden ask leaseholders to contribute towards a sinking fund created for the specific intention of establishing a fund for major works. Where a Saffron Walden lease has less than 80 years it will have adverse implications on the value of the apartment. Check with your bank that they are willing to lend given the lease term. A short lease means that you will most likely have to extend the lease sooner rather than later and it is worth discovering what this would cost. For most Saffron Waldenlease extensions you would need to own the property for two years before you are eligible to carry out a lease extension.
My wife and I have recently appointed a conveyancing solicitor in Saffron Walden. I I would like to check if they are on the bank's conveyancing panel. Could you or the bank confirm if they are on the panel?
One option is to phone your conveyancer and ask them if they are on the lender's approved list. Alternatively please get in touch with us and we can investigate and revert. If they are not on the bank panel we can certainly arrange a specialist conveyancing solicitor in Saffron Walden on the approved list for your mortgage company.