My friend advised me that if I am purchasing in Blaby I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Blaby conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Blaby around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Blaby Education with maps and statistics, Local Amenities and other useful data concerning Blaby.
I moved into my house on 16 June and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Blaby advises it will be concluded in less than a month. Are titles in Blaby uniquely lengthy to register?
As far as conveyancing in Blaby is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry need to notify any interested parties. Currently approximately three quarters of such applications are completed in less than three weeks but some can be subject to extensive delays. Registration is effected once the buyer has moved in to the premises thus registration formalities is not typically primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers must speak with the land registry and explain the circumstances.
My husband and I are first time buyers - had an offer accepted, yet the property agent advised that the seller will only issue a contract if we use the agent's recommended lawyers as they need an ‘expedited deal’. We would rather use a local conveyancer accustomed to conveyancing in Blaby
It is unlikely the vendors are behind this. Should the owner desire ‘a quick sale', turning down a motivated buyer is not the way to achieve this. Avoid the agents and go straight to the sellers and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your preferred Blaby conveyancing firm - not the ones that will earn the estate agent a referral fee or meet his conveyancing figures set by head office.
I am in need of some leasehold conveyancing in Blaby. Before diving in I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Blaby - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a ground floor flat in Blaby, conveyancing formalities finalised in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Blaby with an extended lease are worth £171,000. The average or mid-range amount of ground rent is £50 levied per year. The lease expires on 21st October 2104
You have 79 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
We own a leasehold flat in Blaby. Conveyancing was finalised in 21012. I have read on a number of advice forums that I mustn’t let the lease length fall too low. Why is that a problem?
Blaby leasehold properties are for a fixed period - normally just under one hundred years when they started. However many appartments in Blaby were built or converted in the 60’s and so such leases now have less than eighty years left to run. That may sound like a long time however Banks, Building Societies and other mortgage companies generally require leases to have at least seventy five years remaining to adequate security. Accordingly when you come to sell the property you will need a lease extension if you are approaching 75 years. To enhance the marketability of your property you should be considering whether or not to extend your lease long before you come to sell it. There are also advantages to doing so before the lease reaches even 80 years as when the lease falls below eighty years the premium you have to pay to extend starts to get a lot more expensive.