It is 10 years ago since I acquired my property in Binstead. Conveyancing lawyers have now been retained on the sale but I am unable to find my deeds. Will this jeopardise the sale?
Don’t worry too much. First the deeds may be retained by the lender or they could be in the possession of the conveyancers who acted in your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Binstead relates to registered property but in the unlikely event that your home is unregistered it is more problematic but is not insurmountable.
It has been 2 months following my purchase conveyancing in Binstead completed. I have checked the Land Registry site which shows that I paid £150,000 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Binstead. Conveyancing is necessary evil 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 conveyancing.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Binstead
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Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one round the corner in Binstead I like with amenity areas and transport links in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Binstead suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage that many years may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you could 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 and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I am downsizing from my property. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Binstead if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Binstead. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
If all goes to plan we aim to complete the sale of our £400,000 garden flat in Binstead next week. The landlords agents has quoted £408 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Binstead?
For the majority of leasehold sales in Binstead conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Addressing conveyancing due diligence enquiries
Where consent is required before sale in Binstead
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Binstead Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
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The prefered form of lease arrangement is a share of the freehold. In this scenario the tenants have being in charge if their destiny and notwithstanding that a managing agent is usually retained where it is larger than a house conversion, the managing agent employed by the leaseholders. It is important to be aware whether changing the roof or some other significant cost is coming up to be shared by the tenants and may well dramatically increase the the maintenance fees or necessitate a one off invoice. The majority of Binstead leasehold properties will be liable to pay a service bill for maintenance of the building set on behalf of the freeholder. Should you acquire the apartment you will have to meet this amount, usually quarterly during the year. This may be anything from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a ground rent for you to pay annual, this is usually not a significant amount, say about £50-£100 but you should to check it because occasionally it could be many hundreds of pounds.