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Ready to buy a new home in Canton? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Canton transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Canton

3 months have gone by following my purchase conveyancing in Canton took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Canton is the location of the property. Is there any advice you can impart?

Flying freeholds in Canton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Canton you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

What does commercial conveyancing in Canton cover?

Canton conveyancing for business premises incorporates a wide array of guidance, given by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I am hoping to exchange soon on a ground floor flat in Canton. Conveyancing lawyers inform me that they report fully on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Canton should include some of the following:

    Whether the lease restricts you from renting out the flat, or having a home office for business Defining your rights in respect of the communal areas in the building.For example, does the lease include a right of way over a path or staircase? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You should be sent a copy of the lease What you can do if an adjoining owner is in violation of a provision in their lease?
For details of the information to be included in your report on your leasehold property in Canton please ask your solicitor in ahead of your conveyancing in Canton.

I am the registered owner of a ground floor flat in Canton, conveyancing having been completed 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Canton with an extended lease are worth £222,000. The ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2092

With 70 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.

Can a conveyancer remove someone from the title of my home in Canton ?

Removing or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer

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Find out more about how flying freehold can affect your the value of a property.