I am need of leasehold conveyancing for an apartment in a relatively new development (five years built) in Axminster. 95% of the flats are already sold. Is it really necessary to order conveyancing searches as part of conveyancing in Axminster?
A big part of the Axminster legal transfer of property is the conveyancing searches. There are a large number of companies delivering Axminster conveyancing searches, as well direct from the local authority. These are generally termed personal search organisation and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.
I am the registered owner of a freehold premises in Axminster but nevertheless pay rent, why is this and what is this?
It is rare for properties in Axminster and has limited impact for conveyancing in Axminster 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I require quick conveyancing in Axminster as I am faced with a deadline to exchange contracts in less than 3 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a mortgage free purchaser you are at free not to do searches although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Axminster the following are examples of issues that can show up and therefore affect future mortgageability: Enforcement Notices, Outstanding Fees, Overdue Grants, Unadopted Roads,...
I have been on the look out for a ground for flat up to £305k and found one round the corner in Axminster I like with a park and railway links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Axminster in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can ask them to 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 lawyer about this matter.
What tools are available to search for a Axminster solicitor on the Skipton Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Axminster conveyancing lawyers based on proximity. We have listed some Axminster conveyancing firms towards the end of this page and you can ring them to check whether they are on the Skipton Building Society panel
My wife and I have had DIP from The Mortgage Works who suggested that they will lend up to £218k. At what point do I need to appoint a lawyer for conveyancing? Axminster is where we plan to move to.
You can appoint a conveyancing practitioner now so that the conveyancing practitioner can open the file so they can conduct their ID checks etc. If and when you wish them to commence work they will seek a payment on account normally approximately £225. That should normally be once you have the loan offer from the lender and valuation results, however should you wish to expedite matters you can get going quicker albeit risking some expense.