It is is a decade since I acquired my house in Bloxham. Conveyancing solicitors have now been instructed on the sale but I can't locate the title deeds. Will this cause complications?
Don’t worry too much. First the deeds may be with the mortgage company or they could stored with the solicitor who handled the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Bloxham relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
I require quick conveyancing in Bloxham as I have an ultimatum to sign on the dotted line in less than 4 weeks. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you have the choice not to do searches although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Bloxham the following are examples of issues that can be revealed and therefore impact future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
I have been on the look out for a ground for flat up to £305k and found one close by in Bloxham I like with a park and railway links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Bloxham for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease may be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Is it possible to change firm as I need to find a firm on the Clydesdale conveyancing list. I was using a local conveyancing solicitor in Bloxham five minutes from me but the firm is not approved by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in Bloxham on the Clydesdale panel. Please note that the conveyancers that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bloxham. In utilising the find a conveyancing solicitor tool on this site, you can contrast fees for conveyancing solicitors in Bloxham and throughout England and Wales.
I've recently bought a leasehold flat in Bloxham. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Bloxham Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
Is the freehold owned jointly by the leaseholders? It would be sensible to discover as much as you can concerning the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to every day matters like the cleanliness of the common parts. Ask other tenants whether they are happy with them. In conclusion, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically what you get for your money. The best form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this scenario the lessees have control and even though a managing agent is frequently employed if the building is larger than a house conversion, the managing agent retained by the leaseholders.