I just acquired a house at auction in Great Ayton. Conveyancing is required. What is next?

Given that you have now for all intents and purposes signed on the dotted line you will need to hire the services of a conveyancing solicitor as a matter of priority as you are facing a fast approaching a drop dead date to complete the purchase. All auction property will ordinarily have a corresponding auction set of papers. This will include most,if not all of the documents that your conveyancer will need. In the case of leasehold premises the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You must pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are organised to complete the transaction on the set completion date.

My wife and I purchasing a end of terrace house in Great Ayton. Our aim is to an extension at the rear at the house.Will legal conveyancing on the property include checks to ascertain if these alterations were previously refused?

Your solicitor will check the deeds as conveyancing in Great Ayton will sometimes reveal restrictions in the title documents which restrict categories of alterations or necessitated the permission of another owner. Many works call for local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.

I am the only beneficiary of my late mum's estate and I have everything in my name now, including the house in Great Ayton. The Great Ayton property was put into my name in April. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership may be regarded the same way as if I'd bought the house in April. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view banks take of it, depend on the mortgage company as this provision is principally there to pick up on subsales or the flipping of property.

4 months have elapsed following my purchase conveyancing in Great Ayton concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am buying a new build flat in Great Ayton. Conveyancing is a frightening process 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 conveyancing.

Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Great Ayton

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

My business partner and I are intending to lease a unit on a shopping parade. Can you recommend lawyers offering competitive charges for commercial conveyancing in Great Ayton for below 1500k?

We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Great Ayton, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right solicitor. As for the charges these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or phone so as to enable us to supply you with comprehensive commercial conveyancing quote.

Planning to exchange soon on a garden flat in Great Ayton. Conveyancing lawyers assured me that they report fully tomorrow. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Great Ayton should include some of the following:

Whether your lease provides for a reserve fund for major repairs? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Does the lease require carpeting throughout thus preventing wood flooring? Your solicitors should enable you to have an understanding of the insurance provisions Rent payments - what is payable and when you need to pay, and be on notice if this will change in the future

Great Ayton Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

Where a Great Ayton lease has fewer than eighty years it will impact the marketability of the property. Check with your bank that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will probably require a lease extension sooner rather than later and it is worth finding out how much this will be. For most Great Aytonlease extensions you will need to own the property for two years in order to be entitled to exercise a lease extension. It is important to be aware if a new roof is being put on or some other major work is coming up that will be shared between the leaseholders and may well dramatically increase the the maintenance charges or require a specific payment.