It has come to my attention via my mortgage adviser that my Ampthill solicitor is not on the bank Conveyancing panel. How can I be certain if this is indeed the case?
The sensible course of action for you to take is to contact your Ampthill conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
I have recentlybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Ampthill for a purchase of a freehold house 10 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ampthill conveyancing specialists.
I am buying a new build flat in Ampthill. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Ampthill
Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I have been on the look out for a ground for flat up to £305k and identified one near me in Ampthill I like with a park and railway links in the vicinity, however it only has 52 years on the lease. There is not much else in Ampthill for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could request that they 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 lawyer regarding this.
I am purchasing a ground floor flat in Ampthill. Conveyancing solicitor is awaiting, from the seller, building insurance documents. This morning I was advised that the vendor needs to forward the insurance paperwork for the flat above as well. Why does my property lawyer need to review the insurance for the other flat? Is it strictly required? We have been in hold for the last 4 weeks…
It is not impossible in leasehold conveyancing in Ampthill to find Conveyancing in Ampthill in a minority of cases reveals that the lease requires the tenant's to insure their individual flats rather than the landlord insuring the whole premises - which is clearly preferable. You should clarify with your property lawyer but it would appear that your conveyancer is attempting to establish that the whole building is insured. Insuring a ground floor residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed as a result of lack of insurance cover.