I got the keys to my house on 8 April and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Shaftesbury expressed confidence that it would be formalised in less than a month. Are titles in Shaftesbury uniquely lengthy to register?
As far as conveyancing in Shaftesbury is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can adjust subject to who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd parties. Currently approximately three quarters of submission are completed within 12 days but occasionally there can be longer hold-ups. Registration occurs after the purchaser is living at the premises so an expedited registration is not typically primary concern but where there is a degree of urgency associated with the registration then you or your lawyers should speak with the land registry and explain the circumstances.
I decided to have a survey done on a property in Shaftesbury before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some banks may not issue a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Shaftesbury. Conveyancing may be slightly more expensive based on your lender's requirements.
In sourcing the web for the phrase conveyancing in Shaftesbury it brings up numerous property lawyerslocally. With so much choice what is the best way to find the right conveyancer for purchase transaction?
The preferential way of finding a suitable conveyancer is through a personal testimonial, so enquire of colleagues and those you trust who have purchased a property in Shaftesbury or the local estate agent or financial adviser. Costs for conveyancing in Shaftesbury vary, so it's sensible to request at least four estimates from varying types of conveyancers. Be sure to seek confirmation that the charges are guaranteed not to increase.
I today plan to offer on a house that appears to be perfect, at a great price which is making it more attractive. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Shaftesbury. Conveyancing solicitors have not yet been appointed. Will they explain the issues?
The majority of houses in Shaftesbury are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Shaftesbury in which case you should be looking for a Shaftesbury conveyancing practitioner and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the freeholder’spermission to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your lawyer will advise you fully on all the issues.
I own a ground floor flat in Shaftesbury, conveyancing was carried out 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Shaftesbury with a long lease are worth £197,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2078
You have 55 years unexpired we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt 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 placing reliance on this information before seeking the advice of a professional.
Do online conveyancing companies cover everything a high street Shaftesbury solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Shaftesbury?
If you use an online conveyancer they will cover all the things your Shaftesbury solicitor will cover.