The deeds to my house are lost. The conveyancers who conducted the conveyancing in Alvaston 5 years ago no longer exist. What are my options?
You no longer need to hold title official documentation to evidence that you own the land or property, given that the Land Registry have everything they need in a digital format.
How does conveyancing in Alvaston differ for newly converted properties?
Most buyers of new build residence in Alvaston contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because developers in Alvaston usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Alvaston or who has acted in the same development.
We are four weeks into a residential purchase having been directed to conveyancers by the selling agent to execute conveyancing in Alvaston. I am am extremely disappointed with the level of service. Could you you assist me in finding new solicitors?
They would need to be really bad in order to consider changing them. Has your mortgage been issued? If so you need to inform them of the new contact details and have the loan are issued to the new lawyers. The conveyancer should be on the lenders panel to avoid added costs and complications. So that should be your first question of the new lawyers. The search tool can assist you in finding a lender approved conveyancer for your conveyancing in Alvaston
Do you have any top tips for leasehold conveyancing in Alvaston from the point of view of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Alvaston can be avoided where you instruct lawyers the minute you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ representatives. If you have carried out any alterations to the premises would they have required Landlord’s approval? In particular have you installed wooden flooring? Alvaston leases often stipulate that internal structural alterations or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such works. Where you dont have the paperwork to hand you should not communicate with the landlord without checking with your solicitor in advance. Many freeholders or Management Companies in Alvaston charge for supplying management packs for a leasehold home. You or your lawyers should discover the actual amount of the charges. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Alvaston. A minority of Alvaston leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
I purchased a ground floor flat in Alvaston, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Alvaston with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2084
With 59 years remaining on your lease we estimate the premium for your lease extension to be between £20,900 and £24,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.
Are you able to set out the scope of conveyancing handled by Alvaston conveyancing organisations?
On the whole Alvaston conveyancing solicitors can offer a number of services to domestic and agricultural land proprietors, sellers, buyers, freeholders and leaseholders assistingwith some of the following:
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Property sale conveyancing in Alvaston or nationwide
House purchase conveyancing in Alvaston and also around the country
All types of leasehold premises including, apartments and maisonettes Complex land law issues Alvaston conveyancing for Employee Relocation conveyancing schemes in and outside of Alvaston Transfers of Equity - changing ownership into joint or sole names