It is a dozen years since I bought my home in Limbury. Conveyancing lawyers have just been retained on the sale but I can't find the title documents. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be kept by the lender or they may still be with the solicitor who acted in your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Most conveyancing in Limbury relates to registered property but in the unlikely event that your home is not registered it is more problematic but is not insurmountable.
My wife and I have recently appointed a conveyancing solicitor in Limbury. I I am struggling to find out whether they are on the Skipton Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing to do is phone your solicitor and enquire whether they can act for the lender. Alternatively you can call Skipton Building Society who may be able to confirm.
I purchased my apartment on 8 May and the transaction details are still not registered. Should I be concerned? My conveyancing solicitor in Limbury advises it would be recorded inside ten days. Are properties in Limbury particularly slow to register?
As far as conveyancing in Limbury is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can differ according to who lodges the application, whether it is in order and if the Land registry communicate with any third persons or bodies. As of today in the region of 80% of such applications are completed within 12 days but some can be subject to longer delays. Registration occurs once the new owner has moved in to the premises so an expedited registration is not typically top priority but if there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
Hoping to buy a property located in Limbury and I am already nervous. I couldn't find anything specific about Limbury. Conveyancing will be needed in due course but do you know about the Limbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Limbury. In the meantime here are some basic statistics that we found
I am attracted to a couple of apartments in Limbury both have approximately forty five years unexpired on the lease term. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As the lease shortens the saleability of the lease deteriorates and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
I acquired a studio flat in Limbury, conveyancing was carried out in 2002. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Limbury with an extended lease are worth £227,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2091
With only 72 years remaining on your lease we estimate the price of your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information 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. You should not move forward based on this information before getting professional advice.