I am purchasing a terraced house in Buntingford. How practical is it for me to do the conveyancing?

Leaving aside the complexities and merits of DIY conveyancing in Buntingford you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Buntingford.

Should our conveyancer be making enquiries concerning flooding as part of the conveyancing in Buntingford.

Flooding is a growing risk for conveyancers dealing with homes in Buntingford. Some people will acquire a property in Buntingford, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Lawyers are not best placed to impart advice on flood risk, however there are a number of checks that can be initiated by the buyer or on a buyer’s behalf which should figure out the risks in Buntingford. The standard property information forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to discover if the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the seller, then a purchaser may commence a compensation claim as a result of such an inaccurate reply. A buyer’s solicitors will also commission an enviro search. This should reveal if there is any known flood risk. If so, more detailed inquiries should be conducted.

The estate agent has sent us the confirmation of our purchase of a new build flat in Buntingford. Conveyancing is necessary evil 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.

Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Buntingford

Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

I'm refinancing my primary house to a buy to let mortgage with National Westminster Bank and I will use the ballance of the raised equity as a deposit on another house. The area we are looking at is Buntingford. Will your solicitors be able to act for both sets of mortgage companies and link together the transactions?

Do use our comparison tool on this site to be sure that the solicitors are approved by both lenders. On the basis that they are your solicitor should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.

Estate agents have just been given the go-ahead to market my ground floor flat in Buntingford. Conveyancing has not commenced, but I have just had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?

It best that you clear the maintenance contribution as normal because all rents and maintenance invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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. This will smooth the conveyancing process.

I own a 2 bed flat in Buntingford, conveyancing having been completed May 2003. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Buntingford with over 90 years remaining are worth £201,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2090

With 64 years unexpired we estimate the premium for your lease extension to range between £15,200 and £17,600 as well as professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.