Me and my brother purchased a renovated Victorian house in Nelson. Conveyancing practitioner represented me and Leeds Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nelson and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, chain free conveyancing. Nelson is where the house is located. Is there any advice you can give?
Flying freeholds in Nelson are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Nelson you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Nelson may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am downsizing from my property. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Nelson if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Nelson. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We're new to the buying process - agreed a price, but the agent told us that the owners will only move forward if we appoint the agent's preferred lawyers as they want a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Nelson
It is highly unlikely the sellers are driving this. Should the seller desire ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the owners and make sure they understand (a)you are motivated purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your preferred Nelson conveyancing solicitors - not the ones that will earn the estate agent a kickback or meet his conveyancing thresholds set by senior management.
My wife and I purchased a leasehold flat in Nelson. Conveyancing and Bank of Ireland mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Nelson who acted for me is not around. Do I pay?
First contact HMLR to make sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Nelson conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a 1 bedroom flat in Nelson, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding properties in Nelson with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2071
You have 52 years left to run we estimate the price of your lease extension to span between £29,500 and £34,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.