I am buying a right to buy a flat in Weymouth. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Weymouth you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Weymouth.
What will a local search inform me about the property my wife and I purchasing in Weymouth?
Weymouth conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search is essential in every Weymouth conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will provide information on, amongst other things, details on planning applications applicable to the premises (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 sections.
Due to the guidance of my in-laws I had a survey completed on a property in Weymouth ahead of appointing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some lenders may refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Weymouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Weymouth to see if the conveyancing costs will increase in light of this.
My wife and I purchased a leasehold house in Weymouth. Conveyancing and Virgin Money mortgage are in place. 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 1995. The conveyancing practitioner in Weymouth who acted for me is not around. Do I pay?
First contact HMLR to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Weymouth conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 2 bed flat in Weymouth, conveyancing was carried out in 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Weymouth with over 90 years remaining are worth £170,000. The average or mid-range amount of ground rent is £50 yearly. The lease ends on 21st October 2101
With only 78 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
Should one as executor remove a departed person's name from the title register for a house in Weymouth?
Where a Weymouth property is jointly owned and one of the proprietors passes away, the name will not immediately be removed from the title deeds. It is not necessary to amend the title as in the event of a sale you would simply be asked to evidence as to the reason the joint proprietor is missing from the contract, such as the probate documents.
With a view to making the sale conveyancing smoother for the sale of the property you may apply to have the deceased person removed from the title by applying to the land registry with proof of the death. There is no land registry fee payable.