It is a dozen years since I bought my home in Dorchester. Conveyancing solicitors have just been instructed on the sale but I am unable to find the title deeds. Is this a major issue?
You need not be too concerned. First the deeds may be kept by the lender or they may stored with the lawyers who oversaw your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers procuring current official copies of the land registers. Almost all conveyancing in Dorchester involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is not insurmountable.
Will commercial conveyancing searches disclose impending roadworks that could affect a commercial property in Dorchester?
Its becoming the norm that commercial conveyancing solicitors in Dorchester will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Dorchester. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Dorchester.
For each commercial conveyancing transaction in Dorchester it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Dorchester commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Dorchester.
I am buying a new build apartment in Dorchester. 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.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Dorchester
There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
In surfing the world wide web for the term cheap conveyancing in Dorchester it reveals numerous conveyancersin the vicinity. How do I determine which is the right conveyancing solicitor for me?
The ideal method of choosing a suitable conveyancer is via trusted recommendation, so ask friends and family who have acquired a property in Dorchester or a local estate agent or mortgage broker. Charges for conveyancing in Dorchester vary, so it's a good idea to secure at least four estimates from varying types of conveyancers. Dont forget to clarify that the fees are fixed.
My wife and I purchased a leasehold house in Dorchester. Conveyancing and Coventry Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Dorchester who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. There is no need to incur the fees of a Dorchester conveyancing solicitor 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 rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a leasehold flat in Dorchester, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Dorchester with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease runs out on 21st October 2090
You have 69 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.