It is is a decade since I purchased my property in Borth and Talybont. Conveyancing solicitors have just been appointed on the sale but I can't find the title documents. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be retained by your mortgage company or they could stored with the lawyers who handled your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Most conveyancing in Borth and Talybont relates to registered property but in the unlikely event that your property is unregistered it is more tricky but is not insurmountable.
I have a renovated Victorian house in Borth and Talybont. Conveyancing lawyer acted for me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Borth and Talybont and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing solicitor who conducted the purchase.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Borth and Talybont is where the house is located. Is there any advice you can impart?
Flying freeholds in Borth and Talybont are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Borth and Talybont you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Borth and Talybont 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.
What does commercial conveyancing in Borth and Talybont cover?
Commercial conveyancing in Borth and Talybont covers a broad array of services, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My father-in-law has urged me to use his conveyancing solicitors in Borth and Talybont. Do I take his advice?
No doubt the best way to choose a conveyancing solicitor is to seek referrals from friends or family who have actually used the conveyancer you're contemplating using.
I am a negotiator for a reputable estate agent office in Borth and Talybont where we see a few leasehold sales derailed as a result of short leases. I have received inconsistent advice from local Borth and Talybont conveyancing solicitors. Please can you confirm whether the seller of a flat can initiate the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a ground floor flat in Borth and Talybont, conveyancing having been completed 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Borth and Talybont with an extended lease are worth £202,000. The ground rent is £60 yearly. The lease expires on 21st October 2081
With just 56 years left to run we estimate the premium for your lease extension to range between £29,500 and £34,000 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.