Do the conveyancing solicitors that you recommend handle right to buy conveyancing in Aigburth?
We work with a variety of conveyancing conveyancers carrying out right to buy conveyancing matters Do call us in order to obtain a conveyancing quote.
We are downsizing from our property in Aigburth and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Aigburth lawyer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing practice rather than a conveyancing solicitor in Aigburth. Having lived in Aigburth for 5 years we know of no issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
2 months have elapsed following my purchase conveyancing in Aigburth concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Aigburth differ for newly converted properties?
Most buyers of new build or newly converted property in Aigburth contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Aigburth tend to acquire the site, 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 accustomed to new build conveyancing in Aigburth or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Aigburth I like with a park and station in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Aigburth for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years may be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I am on look out for some leasehold conveyancing in Aigburth. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Aigburth - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Aigburth - Sample of Queries Prior to Purchasing
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Please note if it is no more than 80 years it will impact the marketability of the apartment. Check with your bank that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this would cost. For most Aigburthlease extensions you will need to own the premises for a couple of years before you are entitled to exercise a lease extension. Most Aigburth leasehold flats will have a service charge for the upkeep of the block invoiced on behalf of the landlord. Should you purchase the property you will have to pay this liability, usually periodically accross the year. This may vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a ground rent to be met annual, this is usually not a significant amount, say around £25-£75 but you need to check as occasionally it could be many hundreds of pounds. It would be wise to find out as much as you can about the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to day to day matters such as the upkeep of the communal areas. Don't be shy to ask prospective neighbours whether they are happy with them. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the relevant party and specifically what you get for your money.