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Find a Stockton Heath Conveyancing Solictior on Your Lender’s Panel

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

Only LenderPanel.com provides a subset of authorised Stockton Heath conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Stockton Heath

A relative recommended that where I am buying in Stockton Heath I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?

A search of this type is occasionally included in the estimate for your Stockton Heath conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Stockton Heath around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Stockton Heath Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Stockton Heath.

How does conveyancing in Stockton Heath differ for new build properties?

Most buyers of new build residence in Stockton Heath approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because builders in Stockton Heath usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Stockton Heath or who has acted in the same development.

I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Stockton Heath is the location of the property. Can you shed any light on this issue?

Flying freeholds in Stockton Heath are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stockton Heath you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stockton Heath may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

In scouring the internet for the words conveyancing in Stockton Heath it shows results of many property lawyerslocally. How do I determine which is the suitable conveyancer for my move?

The preferential way of finding the right conveyancer is through a trusted recommendation, so seek the opinion of colleagues and relatives who have purchased a property in Stockton Heath or the reputable estate agent or financial adviser. Charges for conveyancing in Stockton Heath differ, so it's a good idea to request a minimum of three fee calculations from different law firms. Be sure to secure confirmation that the fees are fixed.

I am a negotiator for a busy estate agent office in Stockton Heath where we have witnessed a few flat sales put at risk due to leases having less than 80 years remaining. I have received contradictory information from local Stockton Heath conveyancing solicitors. Please can you confirm whether the owner of a flat can start the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

I own a leasehold flat in Stockton Heath, conveyancing was carried out October 2009. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Stockton Heath with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease terminates on 21st October 2081

You have 57 years remaining on your lease the likely cost is going to range between £28,500 and £33,000 plus costs.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

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