I instructed a local solicitor for my conveyancing in Aldeburgh today. Upon checking the terms of engagement I seeI am responsible for charges even where the conveyance does not complete. Would I be best advised to appoint a web based conveyancing brokerage promising no completion no cost conveyancing in Aldeburgh?

Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the conveyancing charges will generally be higher to offset those transactions that do not go ahead. You should be mindful that such promotions tend not to cover outlay for example Aldeburgh conveyancing search expenses.

Would the conveyancing solicitors via your comparison service execute attended exchange conveyancing in Aldeburgh?

We do have a number of conveyancing specialists carrying out personalised exchanges. Do call us to receive a conveyancing quote and details as to dates.

Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who conducted the conveyancing in Aldeburgh 10 years ago have long since closed. What are my next steps?

Assuming you have a registered title the information relating to your ownership will be held by HMLR with a Title Number. It is easy to perform a search at the Land Registry, identify your house and obtain up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.

Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Aldeburgh I like with amenity areas and transport links nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Aldeburgh in this price bracket, so just wondered if I would be making a mistake buying a short lease?

If you need a mortgage the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.

I've recently bought a leasehold property in Aldeburgh. Do I have any liability for service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Aldeburgh - A selection of Queries before Purchasing

Where a Aldeburgh lease has no more than eighty years it will impact the marketability of the property. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Aldeburghlease extensions you would be be obliged to have been the owner of the premises for two years before you are legally able to extend the lease. The answer will be useful as a) areas could result in problems for the block as the common areas may start to deteriorate where services are not paid for b) if the leasehold owners have an issue with the managing agents you will want to have all the details