I have todaydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Holme On Spalding Moor for a purchase of a freehold house 18 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The quickest way 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 Holme On Spalding Moor conveyancing specialists.
How does conveyancing in Holme On Spalding Moor differ for new build properties?
Most buyers of new build residence in Holme On Spalding Moor contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Holme On Spalding Moor tend to acquire the site, 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 accustomed to new build conveyancing in Holme On Spalding Moor or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and identified one close by in Holme On Spalding Moor I like with a park and railway links nearby, however it only has 49 years on the lease. There is not much else in Holme On Spalding Moor in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
Last May I purchased a leasehold house in Holme On Spalding Moor. Do I have any liability for service charges for periods before my ownership?
In a situation 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. However, your landlord may still be able to take action to forfeit the lease. A critical element 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 am the registered owner of a leasehold flat in Holme On Spalding Moor, conveyancing having been completed February 2006. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Holme On Spalding Moor with over 90 years remaining are worth £185,000. The ground rent is £65 per annum. The lease terminates on 21st October 2080
With only 60 years left to run the likely cost is going to span between £20,000 and £23,000 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 a more accurate figure without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
Some months ago I was told by my mortgage company that their approved solicitors work on no completion no charge basis for conveyancing in Holme On Spalding Moor. I had a purchase abort and now the solicitors want search fees! They say the fees are nothing to do with their fees!
in offering "no move no fee" Holme On Spalding Moor conveyancing lawyers are writing off their fees for any work conducted. We should make it clear that this does not constitute an insurance scheme. Disbursements aren’t covered – where the property lawyer have to pay money out to independent parties, for instance Holme On Spalding Moor local search fees