I am intent on selling our home in Woburn Sands and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing firm as opposed to a conveyancing solicitor in Woburn Sands. Having lived in Woburn Sands for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I purchased my flat on 12 July and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Woburn Sands expressed confidence that it would be dealt with inside ten days. Are titles in Woburn Sands uniquely lengthy to register?
As far as conveyancing in Woburn Sands is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. Currently in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Registration takes place once the buyer has moved in to the premises thus registration formalities is not always top priority but if it is urgent that the the registration takes place urgently then you or your lawyers can contact the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Woburn Sands is where the house is located. What do you suggest?
Flying freeholds in Woburn Sands are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woburn Sands you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woburn Sands may ascertain 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.
I work for a busy estate agency in Woburn Sands where we see a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received contradictory information from local Woburn Sands conveyancing solicitors. Could you clarify whether the owner of a flat can initiate the lease extension process 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 kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 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 disposal of the property.
An alternative approach is to agree the lease extension with the freeholder 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 buyer.
I purchased a split level flat in Woburn Sands, conveyancing formalities finalised 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Woburn Sands with a long lease are worth £176,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2101
You have 80 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
Been on the hunt for a solicitor for leasehold sale conveyancing in Woburn Sands. We are selling, uncomplicated no mortgage to pay off, no hurry, no onward purchase. Had an estimate from a lawyer for £800 excluding VAT which is a little high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Woburn Sands?
Given that it’s a sale only, £500 + VAT should be about the lowest for sale conveyancing in Woburn Sands.