We are purchasing our first house. Our solicitor has calledto see if we wish to purchase supplemental conveyancing searches. We are really unsure what's recommended for conveyancing in Runcorn
The quantity and type of Runcorn conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your familiarity of the region and risks, your general attitude to risk. What is important is that you properly appreciate what information the searches could provide. You may then decide if you consider that you need that search. Where you are unsure, ask the conveyancing practitioner to explain.
My lawyer in Runcorn is not on the TSB Conveyancing Panel. Can I still continue with my prefered solicitor even though they are not on the TSB approved list?
Your options are as follows:
- Carry on with your existing Runcorn solicitors but TSB will need to use a lawyer on their list of acceptable firms. This will result in additional total legal charges and result in frustration.
- Choose an alternative lawyer to to deal with the purchase, obviously checking they are TSB approved.
- Try to convince your TSB based solicitor to try to join the TSB panel
My wife and I own a 4 bedroom Georgian house in Runcorn. Conveyancing practitioner represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Runcorn and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Should I use a Runcorn conveyancing solicitor based in the location that I am buying? An old friend can handle the legal work but her office is 200kilometers away.
The primary upside of using a high street Runcorn conveyancing firm is that you can visit the firm to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Runcorn know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were content that must outweigh using an unknown Runcorn conveyancing lawyer solely due to them being round the corner.
I've found a house that seems to be perfect, at a great figure which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Runcorn. Conveyancing advisers have are about to be appointed. Will they explain the issues?
The majority of houses in Runcorn are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Runcorn in which case you should be shopping around for a Runcorn conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the freeholder’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your solicitor will appraise you on the various issues.
I inherited a leasehold flat in Runcorn, conveyancing formalities finalised in 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Runcorn with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 levied per year. The lease ceases on 21st October 2080
With just 56 years unexpired the likely cost is going to range between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.