It is is a decade since I acquired my house in Dickens Heath. Conveyancing lawyers have now been appointed on the sale but I can't find my title deeds. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be with your lender or they could be in the possession of the solicitor who acted in the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Almost all conveyancing in Dickens Heath involves registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
I need some quick conveyancing in Dickens Heath as I have an ultimatum to sign on the dotted line within one month. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
As you are not getting a home loan you are at free not to have searches conducted although no lawyer would advise that you don't. With plenty of history conveyancing in Dickens Heath the following are examples of what can arise and adversely impact future mortgageability: Enforcement Actions, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I have justdiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Dickens Heath for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dickens Heath conveyancing specialists.
Just had an offer accepted on a new build apartment in Dickens Heath. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Dickens Heath
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I've recently bought a leasehold property in Dickens Heath. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a ground floor flat in Dickens Heath, conveyancing having been completed April 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Dickens Heath with a long lease are worth £222,000. The ground rent is £50 yearly. The lease runs out on 21st October 2089
You have 71 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. 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 taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.