I am need of leasehold conveyancing for an apartment in a fairly new development (seven years built) in Muxton. Almost all the flats are already occupied. Is it really necessary to order local searches for my conveyancing in Muxton?
Conveyancing Searches are a critical link in the Muxton conveyancing process. There are hundreds search providers conducting Muxton conveyancing searches, as well direct from the local authority. These are usually referred to as personal search providers and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authoritative source.
I own a freehold property in Muxton but still pay rent, why is this and what is this?
It is rare for properties in Muxton and has limited impact for conveyancing in Muxton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
The deeds to my property can not be found. The conveyancers who conducted the conveyancing in Muxton 10 years ago no longer exist. What do I do?
As long as the title is registered the details of your proprietorship will be documented by the Land Registry with a Title Number. It is easy to execute a search at the Land Registry, locate your house and order up to date copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases hold a certified copy of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
How does conveyancing in Muxton differ for new build properties?
Most buyers of new build or newly converted property in Muxton approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Muxton typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Muxton or who has acted in the same development.
Can a conveyancer remove someone from the title of my property in Muxton ?
Removing or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer