Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a residence in Anstey?
Unless a prior acquisition of the premises completed after 12 October 2013 you can assume that solicitors conducting conveyancing in Anstey to continue to suggest a chancel search and or insurance against a claim.
2 months have elapsed following my purchase conveyancing in Anstey concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. 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 property 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.
I am buying a new build flat in Anstey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Anstey
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There must be mutual enforceability of lessee’s covenants. 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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. Anstey is the location of the property. Can you shed any light on this issue?
Flying freeholds in Anstey are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Anstey you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Anstey may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am 14 days into a residential purchase having been referred to a firm by the estate agent to handle our conveyancing in Anstey. I am am very disappointed with the level of service. Can you you assist me in finding new conveyancers?
They would have to be very poor in order to consider diss instructing them. Has your mortgage offer been sent? In the event that it has you need to make them aware of the new lawyer and have the mortgage documents are issued to the new lawyers. The conveyancer needs to be on the lenders approved list to avoid added expenses and frustration. That should be your starting point. Our search tool can help you find a lender approved lawyer for your conveyancing in Anstey
I only have 72 years left on my flat in Anstey. I need to extend my lease but my landlord is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to track down the freeholder. In some cases a specialist would be helpful to carry out a search and to produce a report which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on proving the landlord’s absence and the vesting order request to the County Court overseeing Anstey.
I bought a 2 bed flat in Anstey, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Anstey with an extended lease are worth £186,000. The ground rent is £55 yearly. The lease terminates on 21st October 2078
With only 53 years unexpired the likely cost is going to be between £27,600 and £31,800 as well as legals.
The figure 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 comprehensive investigations. Do not use the figures 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. Please do not take any other action based on this information without first seeking the advice of a professional.