I used Arc property Solicitors several years ago for my conveyancing in Caerwent. Now, I need my documents however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Caerwent of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Caerwent differ for new build properties?
Most buyers of new build property in Caerwent come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Caerwent tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Caerwent or who has acted in the same development.
I am looking for a flat up to £245,000 and identified one round the corner in Caerwent I like with a park and station nearby, the downside is that it's only got 49 years on the lease. There is not much else in Caerwent in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Caerwent and how can you help?
The particular law that you refer to provides protection to business leaseholders, granting the right to apply to court for a new tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Caerwent is one of our many locations in which the firms we work with are based
I am on look out for some leasehold conveyancing in Caerwent. Before diving in I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Caerwent - 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.
Caerwent Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
Its a good idea to discover as much as possible regarding the managing agents as they can either make life much simpler or uncomfortable. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to daily matters like the upkeep of the common parts. You should not be afraid to ask prospective neighbours what they think of their management. Finally, find out the dates that you are obliged pay the maintenance charge to the appropriate party and precisely what it includes. Is there a share of the freehold?