Is it necessary to take out insurance to cover chancel repairs when buying a residence in Stalham?

Unless a previous acquisition of the property completed post 12 October 2013 you can take it that lawyers delivering conveyancing in Stalham to continue to suggest a chancel search and or chancel repair liability insurance.

I am buying a new build apartment in Stalham. Conveyancing is daunting 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 legal work.

Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Stalham

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. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Stalham I like with open areas and railway links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Stalham in this price bracket, so just wondered if I would be making a mistake buying a short lease?

If you need a mortgage the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.

Can you offer any advice when it comes to finding a Stalham conveyancing practice to deal with our lease extension?

When appointing a solicitor for lease extension works (regardless if they are a Stalham conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Stalham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:

Can they put you in touch with clients in Stalham who can give a testimonial?

I am the registered owner of a 1st floor flat in Stalham, conveyancing was carried out August 2004. Can you work out an approximate cost of a lease extension? Corresponding flats in Stalham with over 90 years remaining are worth £180,000. The ground rent is £65 charged once a year. The lease finishes on 21st October 2083

You have 59 years unexpired the likely cost is going to range between £20,900 and £24,200 plus professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.

Should I cancel the direct debit for my mortgage with Nationwide as soon as a completion date for my home sale in Stalham has been set?

No, you must continue paying any mortgage sums to Nationwide pending the mortgage being redeemed from the proceeds of sale as part of your Stalham conveyancing.