Me and my brother have a terraced Georgian property in Waterbeach. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Waterbeach 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 lenders. You can also check the situation with the conveyancing practitioner who conducted the purchase.
Are there any apps to help identify a Waterbeach solicitor on the Norwich and Peterborough Building Society conveyancing panel? I have wheels and am prepared to travel upto 10kilometers to meet the conveyancer.
You can use the search on this website. Please choose the lender and your location and you will see a number of Waterbeach conveyancing lawyers locally. We have detailed some Waterbeach conveyancing firms towards the end of this page and you can ring them to check whether they are on the Norwich and Peterborough Building Society approved list
We are 17 days into a freehold purchase having been directed to solicitors by the selling agent to do our conveyancing in Waterbeach. I am am very disappointed with the level of service. Could you help me find new conveyancers?
A lawyer would need to be very poor in order to consider diss instructing them. Has the mortgage offer been generated? If so you need to advise them of the new contact details and have the loan are issued to the new lawyers. The solicitor ideally needs to be on the lenders approved list to avoid supplemental fees and delays. So that should be your starting point. Our find a solicitor tool can help you find a lender approved lawyer for your conveyancing in Waterbeach
I am looking at a two flats in Waterbeach both have approximately forty five years remaining on the lease term. Do I need to be concerned?
A lease is a right to use the property for a period of time. As a lease shortens the marketability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.
I bought a garden flat in Waterbeach, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Waterbeach with an extended lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease finishes on 21st October 2069
With 50 years unexpired the likely cost is going to range between £31,400 and £36,200 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
What type of premises does your Waterbeach conveyancing quotes apply to?
Our conveyancing quotes are only appropriate to standard residential property in England & Wales. Should you have any different requirements such as industrial or agricultural land or commercial conveyancing in Waterbeach please contact us to address your requirements .