I require fast conveyancing in Wendover as I have a deadline to sign on the dotted line within 2 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at free not to have searches carried out although no conveyancer would suggest that you don't. With lots of history conveyancing in Wendover the following are examples of issues that can show up and adversely affect the marketability of the property: Enforcement Actions, Overdue Fees, Outstanding Grants, Railway Schemes,...
I have justbecome aware that Stirling Law have closed. They conducted my conveyancing in Wendover for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wendover conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build flat in Wendover. Conveyancing is necessary evil 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.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Wendover
Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants.
I opted to have a survey completed on a house in Wendover before retaining conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks tend refuse to grant a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wendover. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wendover to see if the conveyancing costs will increase in light of this.
I own a leasehold house in Wendover. Conveyancing and Godiva Mortgages Ltd mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Wendover who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Wendover conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Wendover Conveyancing for Leasehold Flats - Examples of Questions you should ask before buying
Best to be warned if a new roof is being installed or some other major work is due in the near future to be shared between the leaseholders and could well materially increase the the service costs or necessitate a one off payment. The best form of lease arrangement is if the freehold interest is in the ownership of the leaseholders. In this scenario the tenants benefit from control and even though a managing agent is usually retained where it is larger than a house conversion, the managing agent employed by the leaseholders. Please note if it is fewer than eighty years it will impact the marketability of the flat. Check with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you would need to own the residence for 24 months in order to be eligible to extend the lease.