Various web forums that I have come across warn that are the number one cause of delay in Stockbridge house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Stockbridge.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who handled the conveyancing in Stockbridge 10 years ago no longer exist. What are my options?
Gone are the days when you need to hold title original deeds to establish that you own the land or premises, as the Land Registry have everything they need in a digital format.
I opted to have a survey done on a house in Stockbridge ahead of retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some lenders tend not issue a loan on this type of premises.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Stockbridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stockbridge to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for purchase conveyancing in Stockbridge. I happened to discover a site which appears to be the ideal solution If it is possible to get all this stuff completed via email that would be preferable. Do I need to 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?
There are only Sixty One years remaining on my lease in Stockbridge. I now want to get lease extension but my landlord is absent. 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 enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to prove that you or your lawyers have used your best endeavours to locate the lessor. For most situations an enquiry agent should be helpful to conduct investigations and prepare an expert document to be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s absence and the application to the County Court covering Stockbridge.
I inherited a studio flat in Stockbridge, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Stockbridge with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2070
With 51 years remaining on your lease the likely cost is going to span between £30,400 and £35,200 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.