Can you explain why leasehold purchase conveyancing in Lincoln costs more?

Lincoln leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

My uncle passed away last year and as sole heir and executor I was left the house in Lincoln. The house had a small mortgage remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?

Given you plan to re-mortgage then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.

Do I need to pay for insurance to address the risk of chancel repairs when buying a property in Lincoln?

Unless a prior acquisition of the premises completed after 12 October 2013 you could take it that lawyers carrying out conveyancing in Lincoln to remain encouraging a chancel search and or insurance against a claim.

2 months have gone by since my purchase conveyancing in Lincoln concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

Back In 2004, I bought a leasehold flat in Lincoln. Conveyancing and Aldermore mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Lincoln who acted for me is not around. What should I do?

The first thing you should do is contact the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a Lincoln conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Lincoln Leasehold Conveyancing - Examples of Questions you should consider Prior to buying

Make sure you find out if there are any onerous prohibitions in the lease. By way of example it is very common in Lincoln leases that pets are not permitted in certain buildings in Lincoln. If you like the propertyin Lincoln yet your dog is not allowed to make the move with you then you will be presented with a difficult choice. Please note if it is no more than 80 years it will impact the salability of the apartment. It is worth checking with your lender that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will most likely need a lease extension sooner rather than later and it is worth discovering how much this would cost. Remember, in most cases you will be be obliged to have been the owner of the premises for a couple of years in order to be entitled to extend the lease. How many years remain on the lease?