It is 10 years ago since I bought my property in Malton. Conveyancing solicitors have just been retained on the sale but I am unable to track down my deeds. Is this a major issue?
Don’t worry too much. First there is a possibility that the deeds will be kept by your lender or they could be in the possession of the conveyancers who oversaw your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Malton relates to registered property but in the unlikely event that your property is not registered it is more tricky but is not insurmountable.
4 months have gone by following my purchase conveyancing in Malton took place. I have checked the Land Registry site which shows that I paid £200,000 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 asset 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.
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Malton I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Malton suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Are there any apps to help locate a Malton solicitor on the National Westminster Bank conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the conveyancer.
Feel free to make use of the tool on this website. Please choose the bank and your location and you will see a number of Malton conveyancing lawyers located nearest you. We have detailed some Malton conveyancing firms towards the end of this page and you can call them to check if they are on the National Westminster Bank approved list
Completion is due on the disposal of our £325,000 maisonette in Malton in 5 days. The freeholder has quoted £312 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Malton?
Malton conveyancing on leasehold maisonettes typically necessitates administration charges levied by management companies :
Addressing pre-exchange questions
Where consent is required before sale in Malton
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Malton - Sample of Queries before buying
This information is useful as a) areas may result in problems in the building as the communal areas may start to deteriorate if repairs are not paid for b) if the leasehold owners have a dispute with the running of the building you will want to have full disclosure Who takes responsibility for maintaining and repairing the block? Make sure you investigate if there are any onerous restrictions in the lease. For instance plenty of leases prohibit pets being permitted in certain buildings in Malton. If you like the propertyin Malton but your cat is not allowed to move with you then you have a very hard determination.