I completed on my apartment on 7 October and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Oldland expressed confidence that it will be registered in a couple of weeks. Are titles in Oldland particularly slow to register?
As far as conveyancing in Oldland is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether it is in order and whether the Land registry must send notices to any third persons or bodies. At present roughly 80% of submission are fully dealt with within two weeks but occasionally there can be protracted delays. Registration occurs once the buyer is living at the property thus 'speed' is not typically primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
I am buying a new build apartment in Oldland. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Oldland
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Please supply a car parking plan. 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. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I am looking for a ground for flat up to £245,000 and identified one near me in Oldland I like with open areas and transport links nearby, however it's only got 51 years unexpired on the lease. There is not much else in Oldland in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will likely be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I’m about to sell my basement apartment in Oldland. Conveyancing lawyers have not yet been instructed, however I have recently received a yearly service charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as usual given that all rents and service invoices should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a split level flat in Oldland, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Oldland with an extended lease are worth £206,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2092
You have 66 years left to run the likely cost is going to be between £11,400 and £13,200 as well as plus your own and the landlord's "reasonable" professional fees.
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 without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
I need to find a bank panel solicitor in Oldland. Could you help me?
It is not clear why you need a Oldland panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the mortgage company to find out which solicitors in Oldland are on their panel . If you do find such a firm in Oldland not listed please direct them to our site to list. After all the cost is only one £1 a month