I require conveyancing for an apartment in a relatively new development (five years built) in Castle Bromwich. 95% of the flats have already been occupied. Do I need carry out the conveyancing searches for my conveyancing in Castle Bromwich?
Conveyancing Searches are a vital link in the Castle Bromwich conveyancing process. There are numerous companies who offer Castle Bromwich conveyancing searches, as well direct from the local authority. These are known collectively as personal search companies due to them carrying out, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authoritative source.
I am buying a house and need a conveyancing solicitor in Castle Bromwich who is on the Halifax solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Halifax in certain locations such as Castle Bromwich. We dont recommend any particular firm.
I am looking for a ground for flat up to £245,000 and identified one near me in Castle Bromwich I like with open areas and transport links in the vicinity, however it's only got 49 years unexpired on the lease. I can't really find anything else in Castle Bromwich for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Castle Bromwich and how can you help?
The 1954 Act provides a safeguard to business tenants, giving them the right to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Castle Bromwich
Back In 2003, I bought a leasehold house in Castle Bromwich. Conveyancing and Virgin Money mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Castle Bromwich who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Castle Bromwich conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Castle Bromwich - Examples of Questions you should ask Prior to Purchasing
Please note if it is no more than 80 years it will have adverse implications on the marketability of the flat. Check with your bank that they are happy with the length of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease at some point and it is worth finding out what this would cost. For most Castle Bromwichlease extensions you would be required to have been the owner of the residence for two years before you are legally able to exercise a lease extension. Be sure to find out if there is anything that is prohibited in the lease. By way of example it is fairly common in Castle Bromwich leases that pets are not permitted in in a block in Castle Bromwich. If you like the flatin Castle Bromwich however your cat is not allowed to live with you then you have a very hard compromise. The best form of lease structure is if the freehold reversion is owned by the leaseholders. In this scenario the leaseholders have control and although a managing agent is usually retained if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves.