The deeds to our property can not be found. The lawyers who dealt with the conveyancing in Machen 4 years ago have long since closed. What are my next steps?
Gone are the days when you need to hold title official documentation to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
About to purchase a new build apartment in Machen. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Machen
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I need to retain a conveyancing solicitor for some conveyancing in Machen. I've land on a site which seems to have the ideal offering If there is a chance to get all formalities completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Back In 2000, I bought a leasehold flat in Machen. Conveyancing and Alliance & Leicester mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Machen who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Machen conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a split level flat in Machen, conveyancing was carried out in 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Machen with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2083
With just 63 years left to run the likely cost is going to be between £16,200 and £18,600 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.
Me and my husband have recently had an offer agreed on a flat and had meeting on Wednesday with HSBC for the mortgage. They have informed us that when it comes to choosing a conveyancing practitioner that unless they are on their approved list of lawyers then we will be subject to an a further fee of about two hundred pounds. This is is due to the fact that they would then have to select a property lawyer to act on their behalf as well as the one we appoint on our behalf and we will be on the hook for their fees. I have asked HSBC to furnish me with a list so I can seek quotes only from their approved conveyancers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a list online?
Ask HSBC what their panel criteria is for a conveyancer.Then ask the conveyancing practitioner of your choice whether they fit that criteria and have they acted on mortgages for HSBC historically. If the answer to those is yes, then just clarify this with HSBC. Another option is to utilise our search facility and we should be able to locate a conveyancing practitioner in Machen on the panel for HSBC.