Forgive me if this question is silly but I am unexperienced as a 1st time purchaser of a ground floor flat in Twyford. Do I collect the keys to the property on the completion date from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Twyford?
On the day of completion you will not be required to go to the conveyancers office in Twyford. Conveyancing lawyers for you will transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you should be able to receive the keys from the property Agents and move into your new home. This tends to happen early afternoon.
I'm the sole recipient of my late mum's estate and I have everything in my name now, including the house in Twyford. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my proprietorship could be treated the same way as if I'd bought the house in November. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. many banks would take a sensible view as this requirement is primarily there to pick up on subsales or the quick reselling of property.
We had selected conveyancers with offices in Twyford on the TSB solicitor panel. They are now charging me a supplemental amount for dealing with the TSB mortgage. Is this a supplemental conveyancing fee set by TSB?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor may charge a fee for this. The charge is not dictated by TSB but by your Twyford solicitor. Numerous firms on the TSB panel will levy an ‘acting for lender’ fee and others do not.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who conducted the conveyancing in Twyford 10 years ago have long since closed. What are my options?
You no longer need to have the physical deeds to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Twyford differ for new build properties?
Most buyers of new build property in Twyford approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Twyford typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Twyford or who has acted in the same development.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Twyford and how can you help?
The particular law that you refer to affords security of tenure to commercial tenants, giving them the a statutory right to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Twyford
I am in need of some leasehold conveyancing in Twyford. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Twyford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Twyford - Examples of Questions you should ask Prior to buying
How much is the annual maintenance fee and ground rent? Many Twyford leasehold apartments will be liable to pay a service charge for maintenance of the building set by the management company. If you buy the property you will have to meet this amount, normally in instalments during the year. This can vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all probability there will be a rentcharge for you to pay yearly, this is usually not a large sum, say around £25-£75 but you should to check as occasionally it can be prohibitively expensive. It would be wise to find out as much as you can about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the tidiness of the communal areas. Ask other people what they think of them. In conclusion, be sure you understand the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes.