My partner and I are planning on selling our property in Wooburn Green and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any local lawyer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing practice rather than a conveyancing solicitor in Wooburn Green. We have lived in Wooburn Green for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? 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 sickness)
How does conveyancing in Wooburn Green differ for newly converted properties?
Most buyers of new build residence in Wooburn Green approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Wooburn Green typically 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 conveyancers 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 used to new build conveyancing in Wooburn Green or who has acted in the same development.
I have been on the look out for a flat up to £235,500 and found one round the corner in Wooburn Green I like with open areas and railway links nearby, however it's only got 61 years on the lease. I can't really find anything else in Wooburn Green for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
My husband and I are novice buyers - agreed a price, but the selling agent told us that the owners will only issue a contract if we appoint their preferred conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Wooburn Green
We suspect that the owner is not behind this requirement. Should the seller want ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred Wooburn Green conveyancing lawyers - not the ones that will give the negotiator at the agency a commission or meet his conveyancing thresholds pre-set by corporate headquarters.
I am hoping to put an offer on a small detached house that seems to be perfect, at a great price which is making it all the more appealing. I have since discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Wooburn Green. Conveyancing advisers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Wooburn Green ?
Most houses in Wooburn Green are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Wooburn Green so you should seriously consider looking for a Wooburn Green conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’sconsent to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the estate where the property is part of an estate. Your lawyer should report to you on the legal implications.
Wooburn Green Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
Who are the managing agents? Make sure you find out if there is anything that is prohibited in the lease. For instance some leases prohibit pets being allowed in certain buildings in Wooburn Green. If you love the flatin Wooburn Green however your dog is not allowed to live with you then you will be presented with a difficult compromise. Is the freehold owned collectively by the tenants?