Having been told to check out your web site we were going to go ahead with a conveyancing solicitor in Waddington listed by you but stumbled across alternative estimates on the internet look cheaper – why is this?

There are many firms of conveyancing organisations advertising supposedly cheap conveyancing, but additionalcharges result in the final bill being escalated. Conveyancers are obliged to make sure that charges set out in terms and conditions should be honest and reasonable invoiced The solicitors that we put forward for conveyancing in Waddington genuinely set out all costs for the property you intend tobuy.

We see that you have a post code search directory identifying firms on the Co-operative conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Waddington?

We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Waddington.

We're in Waddington, First time buyers buying with a mortgage (lender is Clydesdale , and our solicitor is on the Clydesdale conveyancing panel). How long should the conveyancing process take?

The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer 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.

In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Waddington and how can you help?

The 1954 Act affords protection to commercial leaseholders, granting the right to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Waddington

I am employed by a reputable estate agency in Waddington where we have experienced a number of flat sales jeopardised due to leases having less than 80 years remaining. I have been given inconsistent advice from local Waddington conveyancing firms. Please can you confirm whether the vendor of a flat can start the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, 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.

Leasehold Conveyancing in Waddington - Examples of Questions you should ask Prior to buying

The prefered form of lease arrangement is a share of the freehold. In this arrangement the lessees enjoy being in charge if their destiny and although a managing agent is frequently retained where the building is larger than a house conversion, the managing agent is directed by the tenants. Are any of leasehold owners in dispute over their service charge payments? Its a good idea to discover as much as you can about the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the communal areas. Ask other tenants what they think of them. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and specifically what you get for your money.