It has taken forever and a day but a loan agreement from Santander for the refinancing of my 3 room garden flat is to be issued within the next few days. Are you able to put forward a cheap conveyancing law firm in Stotfold?

This site is not designed to aid those in their quest for a cheap conveyancing solicitors in Stotfold. We can offer you excellent value conveyancing but we do not aim to advertise as being the cheapest. Do not be swayed by brokers offering the bait of low cost conveyancing in Stotfold. Optimistically, in deciding on cheap conveyancing, you will get your money’s worth and at worst you will end up with a hefty uplift in extras and still not get the service you were looking for.

I require conveyancing for an apartment in a relatively new development (seven years old) in Stotfold. The vast majority the appartments are already occupied. Do I need carry out the conveyancing searches as part of conveyancing in Stotfold?

A big part of the Stotfold conveyancing process is the conveyancing searches. There are a large number of search providers who offer Stotfold conveyancing searches, as well direct from the local authority. These are known collectively as personal search providers due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their data from the local authority.

I am buying my first flat in Stotfold with a loan from Platform Home Loans Ltd. The builders refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not disclose to my solicitor about the extras as it could adversely affect my loan with Platform Home Loans Ltd. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Stotfold I like with amenity areas and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. There is not much else in Stotfold for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a home loan that many years may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.

Can you offer any advice when it comes to appointing a Stotfold conveyancing firm to deal with our lease extension?

If you are instructing a conveyancer for your lease extension (regardless if they are a Stotfold conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Stotfold conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:

If they are not ALEP accredited then what is the reason? What volume of lease extensions have they conducted in Stotfold in the last twenty four months?

I acquired a 1 bedroom flat in Stotfold, conveyancing formalities finalised June 2010. Can you work out an approximate cost of a lease extension? Corresponding flats in Stotfold with a long lease are worth £222,000. The ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2096

With 70 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as legals.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.