I purchased a 4 bedroom Edwardian property in South Woodham Ferrers. Conveyancing solicitor acted for me and TSB. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??
You should read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in South Woodham Ferrers and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
I have been on the look out for a flat up to £235,500 and found one close by in South Woodham Ferrers I like with a park and transport links in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in South Woodham Ferrers suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
We are one month into a leasehold purchase having been recommend to a firm by the high street agent to execute conveyancing in South Woodham Ferrers. I am am starting to be disappointed with the level of service. Could you help me find new conveyancers?
A lawyer would need to be really bad to suggest diss instructing them. Has the mortgage been issued? If so you will need to advise them of the new solicitor and have the mortgage documents are issued to the new lawyers. Your conveyancer should be on the mortgage company panel to avoid escalating costs and complications. So that should be your starting point. Our search tool should help you find a bank approved lawyer for your conveyancing in South Woodham Ferrers
What advice can you give us when it comes to appointing a South Woodham Ferrers conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a South Woodham Ferrers conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non South Woodham Ferrers conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
What are the legal fees for lease extension work?
I purchased a studio flat in South Woodham Ferrers, conveyancing formalities finalised 8 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 South Woodham Ferrers with an extended lease are worth £170,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2097
You have 78 years unexpired the likely cost is going to be between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
Our estate agent has suggested using their lawyer for our conveyancing in South Woodham Ferrers - won’t it be easier to just use them?
It is not always the case and you are at liberty to use whichever property lawyer you prefer for your South Woodham Ferrers home move. The conveyancing practitioner recommended by a 3rd party adviser may not necessarily be the best property lawyer, they may recommend their preferred conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.