It is is a decade since I acquired my home in Valley. Conveyancing solicitors have now been appointed on the sale but I can't locate my title documents. Will this cause complications?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by your lender or they could be in the possession of the conveyancers who oversaw the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Valley relates to registered property but in the unlikely event that your property is unregistered it is more tricky but is not insurmountable.
We are downsizing from our home in Valley and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A local lawyer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Valley. We have lived in Valley for six years we know that this is a non issue. Should we contact our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You need to 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 illness)
The estate agent has sent us the confirmation of our purchase of a new build flat in Valley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Valley
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am looking for a flat up to £305k and identified one near me in Valley I like with a park and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Valley in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage that many years will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I am downsizing from my house. My previous solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. Im based in Valley if that makes a difference.
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