My wife and I purchased a 4 bedroom Edwardian house in Ilkley. Conveyancing solicitor acted for me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching address. Is it worth asking Halifax to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ilkley and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing lawyer who completed the work.
How does conveyancing in Ilkley differ for new build properties?
Most buyers of new build or newly converted property in Ilkley approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Ilkley usually buy 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 conveyancers 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 Ilkley or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Ilkley is the location of the property. What do you suggest?
Flying freeholds in Ilkley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ilkley you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ilkley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Hoping to buy a property located in Ilkley and I am already nervous. I couldn't find anything specific about Ilkley. Conveyancing will be needed in due course but do you know about the Ilkley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ilkley. In the meantime here are some basic statistics that we found
Been looking for a solicitor for freehold sale conveyancing in Ilkley. We are selling, uncomplicated no mortgage to pay off, no hurry, currently vacant. Had a quote from a property lawyer for £900 plus VAT which is a little high given that its so straightforward. Can I pay less for conveyancing in Ilkley?
Given that it’s a sale only, £450 + VAT would be about the lowest for sale conveyancing in Ilkley.