It is is a decade since I acquired my property in Aston. Conveyancing solicitors have recently been instructed on the sale but I am unable to track down the deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be retained by the lender or they may be in the possession of the lawyers who acted in your purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Aston relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
Various online forums that I have visited warn that are the number one reason for delay in Aston conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in Aston.
I am looking for a ground for flat up to £235,500 and identified one close by in Aston I like with a park and station in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Aston in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I'm remortgaging my primary home to a buy to let mortgage with Godiva Mortgages Ltd and I will use the ballance of the raised equity towards a second house. The neighborhood we are talking about is Aston. Will your lawyers be able to act for both sets of banks and link together the two deals?
Do use our search tool on this page to ensure that the solicitors are approved by both mortgage companies. On the basis that they are your lawyer should be able to connect the two transactions but you should talk with you conveyancer and make clear your expectations and requirements.
There are only Fifty years left on my lease in Aston. I now wish to get lease extension but my landlord is can not be found. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to locate the landlord. In some cases a specialist should be helpful to carry out a search and to produce a report to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Aston.
Aston Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
Best to be warned whether redecorating or some other significant cost is due shortly to be shared by the leaseholders and may well dramatically increase the the maintenance costs or require a one time payment. If a Aston lease has no more than eighty years it will impact the salability of the apartment. It is worth checking with your lender that they are happy with the length of the lease. A short lease means that you will most likely require a lease extension at some point and it is worth finding out how much this will be. For most Astonlease extensions you would need to own the residence for 24 months in order to be entitled to extend the lease. Who manages the building?