We are close to exchanging contracts on the sale of our property in Plymstock and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any local lawyer would know that there is no such problem. It does beg the question why the buyers used an online conveyancing practice rather than a conveyancing solicitor in Plymstock. We have lived in Plymstock for three years we know of no issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
4 months have elapsed since my purchase conveyancing in Plymstock took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Plymstock is the location of the property. Can you shed any light on this issue?
Flying freeholds in Plymstock are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Plymstock you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Plymstock may decide 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 hoping to exchange soon on a ground floor flat in Plymstock. Conveyancing solicitors assured me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Plymstock should include some of the following:
Does the lease prevent you from renting out the property, or having a home office for business specifics of the parties to the lease, for instance these could be the tennant, superior lessor, freeholder Repair and maintenance of the property Does the lease require carpeting throughout thus preventing wood flooring? Ground rent - what is due and when is collected, and be on notice if this is subject to change
I acquired a leasehold flat in Plymstock, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Plymstock with an extended lease are worth £191,000. The ground rent is £55 invoiced annually. The lease finishes on 21st October 2076
With only 53 years unexpired we estimate the premium for your lease extension to be between £27,600 and £31,800 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.
I have today had an offer accepted on a leasehold flat in Plymstock and the mortgage adviser that we are using suggested his solicitor. She quoted £1000 excluding VAT and 3rd party costs. Does this sound reasonable?
You should not rely on one estimate. You should obtain like-for-like quotes for your conveyancing in Plymstock. Then select one that you are comfortable with and just as important, is on the approved list of the mortgage company that you have applied for a mortgage from.