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Find a Stapleton Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Stapleton? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Stapleton home move at risk of delay or failure.

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Recently asked questions about conveyancing in Stapleton

The owners have very assertive sellers who has suggested a lock out agreement with a non-refundable deposit of 5k. Is it wise to enter into such agreements?

There are two main concerns with signing a lock out agreement (occasionally termed a shut-out contract) is that it diverts attention away from making progress with the conveyancing process, so in the absence of it needing limited or no negotiation then it may turn out to be a hindrance. It is not particularly popular by Stapleton conveyancing lawyers for this reason. A further issue is the extent of the remedies available - an aggrieved buyer is not likely to be issued with injunctive relief to bar the seller selling to an alternative purchaser, so the only remedy available under the contract will be the reimbursement of wasted costs and, in rare circumstances, the additional payment of penalties.

We're in Stapleton, First timers buying with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.

I decided to have a survey completed on a house in Stapleton before instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies may not issue a loan on such a property.

It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Stapleton. Conveyancing will be smoother if you use a solicitor in Stapleton especially if they are accustomed to such properties in Stapleton.

In my capacity as executor for the estate of my grandmother I am selling a residence in Monmouth but reside in Stapleton. My conveyancer (who is 250 kilometers from mehas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Stapleton to attest and place their company stamp on the document?

Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Stapleton based

I have recently realised that I have Sixty One years remaining on my lease in Stapleton. I am keen to get lease extension but my landlord is missing. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to track down the landlord. For most situations a specialist may be helpful to conduct investigations and to produce an expert document to be used as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s disappearance and the application to the County Court overseeing Stapleton.

Leasehold Conveyancing in Stapleton - A selection of Queries Prior to buying

    The majority of Stapleton leasehold properties will incur a service charge for the upkeep of the building set on behalf of the freeholder. Where you purchase the apartment you will have to pay this charge, normally in instalments throughout the year. This may differ from several hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a rentcharge for you to pay annual, this is usually not a significant amount, say about £25-£75 but you need to enquire it because on occasion it could be many hundreds of pounds. What restrictions are contained in the Stapleton Lease?

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Find out more about how flying freehold can affect your the value of a property.