A relative suggested that if I am buying in Chelmsley Wood I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Chelmsley Wood conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Chelmsley Wood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Chelmsley Wood Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Chelmsley Wood.
Have completed on a a terraced house in Chelmsley Wood , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Chelmsley Wood conveyancing solicitor has been very slow, so I want to be sure the registration is dealt with.
There is nothing unique about conveyancing in Chelmsley Wood registration formalities. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and whether the Land registry need to notify any interested persons or bodies. As of today roughly 80% of submission are fully addressed within 12 days but some can be subject to extensive hold-ups. Registration takes place once the buyer is living at the property so 'speed' is not always primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Chelmsley Wood differ for new build properties?
Most buyers of new build residence in Chelmsley Wood approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Chelmsley Wood usually acquire 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 property lawyers 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 used to new build conveyancing in Chelmsley Wood or who has acted in the same development.
I need to instruct a conveyancing solicitor for my conveyancing in Chelmsley Wood. I happened to chance upon a web site which seems to have the perfect answer If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have 62 years remaining on my lease in Chelmsley Wood. I now want to extend my lease but my landlord is can not be found. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the lessor. For most situations an enquiry agent may be helpful to try and locate and prepare an expert document which can be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the application to the County Court covering Chelmsley Wood.
I own a basement flat in Chelmsley Wood, conveyancing was carried out January 2002. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Chelmsley Wood with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 levied per year. The lease runs out on 21st October 2076
With only 51 years unexpired we estimate the premium for your lease extension to be between £30,400 and £35,200 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.