Do I find a Licenced Conveyancer or Solicitor for conveyancing in Stilton?

Two types of professional can do conveyancing in Stilton namely CLC regulated conveyancers or solicitors. The two can provide the legal services that required to complete the disposal or acquisition of property. Both are required to handle Stilton conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that the requirements and procedures should be appropriately taken.

My bid for a property was accepted at auction in Stilton. Conveyancing is needed. What are my next steps?

Now that you have legally bound yourself to purchase you will need to choose a conveyancing solicitor soon as you will have a fast approaching a drop dead date to complete the deal. All auction property will have an associated legal set of papers. This will likely include evidence of title and search results. If you have purchased leasehold property the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You must give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are organised to complete the transaction on the set completion date.

My solicitor has informed me that flying freehold insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Stilton?

The appropriate level of flying freehold indemnity insurance depends on your lender. It would differ for example between National Westminster Bank and The Royal Bank of Scotland. Conveyancing solicitors as opposed to borrowers take out such insurances.

We are close to exchanging contracts on the sale of our home in Stilton and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Stilton conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing outfit rather than a conveyancing solicitor in Stilton. Having lived in Stilton for many years we know of no issue. Should we get in touch with our local Authority to get confirmation need.

It sounds as though you may have a conveyancing solicitor already. 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 ailment)

I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Stilton is the location of the property. Can you shed any light on this issue?

Flying freeholds in Stilton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stilton you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stilton may determine 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 property.

My wife and I purchased a leasehold house in Stilton. Conveyancing and The Mortgage Works mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Stilton who previously acted has long since retired. What should I do?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Stilton conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

I purchased a garden flat in Stilton, conveyancing formalities finalised in 2012. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Stilton with a long lease are worth £222,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2095

With 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus legals.

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 comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.

Is it true that a Stilton conveyancing solicitor taken to court by a client for not carrying out the right conveyancing investigations?

Our attention has not be brought to such a Stilton conveyancing matter but according to a recent report, clients purchasing a house elsewhere in England successfully sued their solicitor due to development permission to build a wind farm failing to be picked up in conveyancing searches.

Where you are contemplating buying a home in Stilton It is critical that your conveyancing practitioner purchase all Stilton conveyancing searches necessary making sure that you have accurate and up to date information before purchasing a property.