What is the first thing I need to know regarding purchase conveyancing in Moulton?

Not many law firms shout this from the rooftops but conveyancing in Moulton or throughout Northamptonshire is often a confrontational process. In other words, when it comes to conveyancing there is lots of room for conflict between you and others involved in the transaction. For instance, the vendor, property agent and sometimes a lender. Selecting a solicitor for your conveyancing in Moulton should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the legal process whose interest is to protect your best interests and to keep you safe.

We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. You must always trust your lawyer above the other players when it comes to the legal transfer of property.

A relative recommended that if I am buying in Moulton I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is usually included in the estimate for your Moulton conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Moulton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Moulton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Moulton.

Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Moulton I like with a park and railway links nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Moulton for this price, so just wondered if I would be making a mistake buying a short lease?

Should you need a mortgage that many years may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.

I own a leasehold house in Moulton. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Moulton who acted for me is not around. Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Moulton conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Moulton Leasehold Conveyancing - A selection of Questions you should ask Prior to buying

Is anyone aware of any major works on the horizon that could increase the maintenance costs? Plenty Moulton leasehold flats will have a service charge for maintenance of the block levied by the landlord. Where you purchase the apartment you will have to meet this contribution, normally periodically throughout the year. This may differ from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, this is usually not a exorbitant amount, say around £50-£100 but you need to check it because occasionally it can be surprisingly expensive. You should be aware that where the lease has no more than eighty years it will affect the value of the property. Check with your lender that they are willing to to proceed given the lease term. A short lease means that you will almost definitely require a lease extension at some point and you need to have some idea of how much this would cost. For most Moultonlease extensions you will need to own the property for two years in order to be eligible to exercise a lease extension.

Been reading online that Moulton solicitors are more costly than licensed conveyancers in Moulton to use when buying a property. So is it better if I use a conveyancer or a solicitor where I am buying for my home move in Moulton.

When it comes to conveyancing in Moulton the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.