Should my solicitor be raising enquiries concerning flooding during the conveyancing in Alvaston.
Flooding is a growing risk for solicitors conducting conveyancing in Alvaston. Plenty of people will acquire a property in Alvaston, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, however there are a numerous checks that may be undertaken by the purchaser or by their conveyancers which should figure out the risks in Alvaston. The conventional set of information supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the owner to determine if the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the seller, then a buyer may commence a legal claim for losses as a result of such an misleading response. The buyer’s solicitors may also carry out an environmental search. This will disclose whether there is any known flood risk. If so, further inquiries should be carried out.
Are there restrictive covenants that are commonly identified during conveyancing in Alvaston?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Alvaston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Alvaston I like with a park and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Alvaston in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
As co-executor for the will of my grandmother I am selling a house in Swansea but I am based in Alvaston. My solicitor (approximately 300 kilometers awayrequires that I execute a stat dec ahead of completion. Can you recommend a conveyancing solicitor in Alvaston to witness this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Alvaston based
Back In 2004, I bought a leasehold house in Alvaston. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Alvaston who acted for me is not around. What should I do?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Alvaston conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a leasehold flat in Alvaston, conveyancing was carried out April 2006. How much will my lease extension cost? Corresponding properties in Alvaston with over 90 years remaining are worth £260,000. The ground rent is £45 charged once a year. The lease comes to an end on 21st October 2100
You have 74 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
My mother and father are unable to locate their Alvaston land registry title on the site. They have a vague recollection back in the 60’s when they acquired the bungalow there were complications concerning the post code not being recognised in some systems.
Almost all premises in Alvaston should show up. Have you attempted a search to simply the postcode. Ordinarily it should reveal all the residences inside the postcode. Where registered it will show up with a title number. Where they bought fifty years ago it's conceivable it may be unregistered. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title documentation which might be with your parent’s mortgage company.