Can you explain why leasehold purchase conveyancing in Stamford costs more?
In summary, leasehold conveyancing in Stamford and Lincolnshire usually involve additional work compared to freehold conveyancing. This includes analysing the lease terms, liaising with the landlord concerning serving applicable notices, obtaining up-to-date service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first granted.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Stamford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Stamford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £195,000 and identified one close by in Stamford I like with open areas and station nearby, however it's only got 49 years unexpired on the lease. There is not much else in Stamford for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan that many years will be an issue. Reduce 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 at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am thinking of appointing a conveyancing practitioner in Stamford for my house move. Is it possible to check a firm’s complaints history with the legal regulator?
Members of the public can search for documented Solicitor Regulator Association (SRA) decisions stemming from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator may recorded call for training reasons.
Is planning permission needed to change a house into two flats in Stamford? This has taken place to a house next door to my home in Stamford and was not aware of it happening until it was done.
Planning permission is needed for converting a single house in Stamford into apartments but probably not for converting back to single dwelling-house so, in answer to your query, yes.