It has come to my attention via my lender that my Warwickshire lawyer is not on the bank Solicitor panel. What can I do to check?
You need to call your Warwickshire lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
What does a local search tell me regarding the house my wife and I buying in Warwickshire?
Warwickshire conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as PSG The local search plays a central role in most Warwickshire conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Warwickshire I like with a park and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Warwickshire suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 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 lawyer concerning this.
Back In 2003, I bought a leasehold flat in Warwickshire. Conveyancing and Yorkshire Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Warwickshire who acted for me is not around. Do I pay?
First contact HMLR to be sure that this person is in fact the new freeholder. There is no need to instruct a Warwickshire conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Warwickshire - A selection of Questions you should ask Prior to Purchasing
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How many years remain on the lease? Is anyone aware of any major works in the planning that will add a premium to the maintenance charges? It is important to be aware if redecorating or some other major work is coming up to be shared between the leaseholders and will materially impact the level of the maintenance fees or necessitate a specific invoice.
Are Warwickshire conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Warwickshire or across England and Wales.