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

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Recently asked questions about conveyancing in Stony Stratford

After looking at moneysavingexpert.com for a cheap solicitor in Stony Stratford, many say that I must look for a CQS assured lawyer. What is CQS?

Stony Stratford Conveyancing Quality Scheme practices have been granted certification by the law Society CQS was created to promote high standards in the home moving process. CQS enables buyers and sellers to identify solicitor firms who provide a quality residential conveyancing. Stony Stratford is one of locations in England and Wales in which CQS have offices. The scheme requires law firms to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Council of Mortgage Lenders.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Stony Stratford. Conveyancing is a frightening process 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.

Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Stony Stratford

    Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. 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. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.

Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Stony Stratford I like with open areas and transport links in the vicinity, however it only has 61 years on the lease. There is not much else in Stony Stratford for this price, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a mortgage that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.

I’m about to sell my garden apartment in Stony Stratford. Conveyancing is yet to be initiated, however I have recently had a quarterly maintenance charge invoice – what should I do?

It best that you clear the service charge as normal because all ground rent and service payments should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Stony Stratford Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing

    Does the lease include onerous restrictions? How long is the Lease? The answer will be helpful as a) areas may cause problems for the building as the common areas may begin to deteriorate if maintenance are not paid for b) if the tenants have an issue with the running of the building you will want to know about it

Been reading online that Stony Stratford solicitors are more expensive than Stony Stratford conveyancers in Stony Stratford when it comes to purchasing a property. Am I better off using a conveyancer or a solicitor where I am purchasing a property in Stony Stratford.

When it comes to conveyancing in Stony Stratford the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.

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