When will exchange of contracts take place for purchase conveyancing in Long Buckby and do I need to attend the conveyancers office?

If you are local to our conveyancing solicitors in Long Buckby you are invited in to sign contracts. That being said, the law practices we work with offer countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you electronically. The executing of the property agreement is not the important part. A signed contract is necessary for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Long Buckby)to be in the office at the appropriate time.

I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Long Buckby for a purchase of a freehold house 12 months ago. How can I check that the property is registered correctly in the name of the former proprietor?

The quickest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Long Buckby conveyancing specialists.

I was pointed in your direction by numerous estate agents in Long Buckby to locate a property lawyer on your site. What’s the financial advantage for Estate Agents to market your site over a competitor’s?

We refuse to make any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.

I only have Sixty One years left on my lease in Long Buckby. I am keen to extend my lease but my landlord is absent. What should I do?

On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you have used your best endeavours to track down the freeholder. For most situations a specialist may be helpful to conduct investigations and prepare a report to be used as proof that the freeholder can not be located. It is wise to seek advice from a solicitor both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Long Buckby.

I inherited a garden flat in Long Buckby, conveyancing was carried out in 2009. Can you work out an approximate cost of a lease extension? Equivalent properties in Long Buckby with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease finishes on 21st October 2079

With just 54 years left to run we estimate the premium for your lease extension to be between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.

We have had DIP from TSB who indicated we could borrow up to £218k. At what point do we need to instruct a practitioner for conveyancing? Long Buckby is where we plan to move to.

It would be wise to appoint a lawyer now so that the property lawyer can open the file so they can do the AML checks etc. As and when you wish them to commence work you will be asked for a deposit usually about £200. That should normally be after you have the mortgage offer and valuation back, but should you want to expedite the process you can get going quicker albeit risking some expense.