Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who did the conveyancing in Cornhill On Tweed 4 years ago are no longer around. What do I do?
Assuming you have a registered title the details of your proprietorship will be retained by HMLR with a Title Number. It is easy to execute a search at the Land Registry, identify your property and get current copies of the property title for a small fee. If the title is Leasehold then the Land Registry will in most cases retain a file duplicate of the Registered Lease and again, a copy can be obtained for twenty pounds.
I am looking for a ground for flat up to £305k and identified one round the corner in Cornhill On Tweed I like with a park and railway links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Cornhill On Tweed in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Hoping to buy a property located in Cornhill On Tweed and I am already nervous. I couldn't find anything specific about Cornhill On Tweed. Conveyancing will be needed in due course but do you know about the Cornhill On Tweed area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cornhill On Tweed. In the meantime here are some basic statistics that we found
There are only 68 years remaining on my flat in Cornhill On Tweed. I now want to get lease extension 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 submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to prove that you have used your best endeavours to track down the lessor. On the whole a specialist should be helpful to carry out a search and to produce a report to be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a conveyancer both on investigating the landlord’s absence and the application to the County Court covering Cornhill On Tweed.
I own a 1st floor flat in Cornhill On Tweed, conveyancing having been completed 9 years ago. 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? Similar flats in Cornhill On Tweed with a long lease are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2098
With just 79 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously 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.
What type of premises does your Cornhill On Tweed conveyancing estimates relate to?
Our conveyancing quotes are only relevant to standard residential homes in England & Wales. Should you have any different requirements for instance industrial or agricultural property or commercial conveyancing in Cornhill On Tweed please contact us to address this further .