I require expedited conveyancing in Bacup as I am under a deadline to sign on the dotted line within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save money and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no law firm would recommend that you don't. With lots of history conveyancing in Bacup the following are instances of issues that can crop up and therefore impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
I have justdiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Bacup for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest way to see if the premises 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 Bacup conveyancing specialists.
I am thinking of appointing a conveyancing practitioner in Bacup for my sale. Can I see a firm’s record with the legal regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.
I own a leasehold house in Bacup. Conveyancing and Nationwide Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Bacup who previously acted has long since retired. What should I do?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. You do not need to instruct a Bacup conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a basement flat in Bacup, conveyancing was carried out 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Bacup with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease expires on 21st October 2079
With just 60 years left to run we estimate the price of your lease extension to span between £20,000 and £23,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
I acquired a flat in Bacup last 14/6/2018 and to date it is still not registered with HM Land Registry. It is part of a new estate and my conveyancer told me that it can take 12 months to complete the registration formalities. I have contacted HM Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. Should I be concerned?
It is your conveyancer that you must contact in order to satisfy any issues which have been raised as part of the registration formalities for your Bacup property. Normal Bacup conveyancing practice includes an undertaking on the part of the seller's property lawyer that they will help resolve any registration raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.