My wife and I have a renovated Victorian house in Cheddar. Conveyancing practitioner represented me and Barclays Direct. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cheddar and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing practitioner who completed the work.
I decided to have a survey carried out on a property in Cheddar before appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cheddar. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cheddar to see if the conveyancing will be more expensive.
Taking into account that I am about to spend over three hundred thousand on a garden flat in Cheddar I wish to talk to a lawyer about myhome move before appointing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your property ownership legalities in Cheddar.There is no ‘factory style conveyancing’ - each client is unique person, not a file reference. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Cheddar should be the amount on the final invoice that you are charged.
Is it best to instruct a Cheddar conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can perform the conveyancing however her office is approximately 350kilometers away.
The benefit of a high street Cheddar conveyancing firm is that you can attend the office to sign documents, present your identification documents and pester them where appropriate. Having local Cheddar know how is a benefit. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were happy that must trump using an unknown Cheddar conveyancing lawyer just because they are based in the area.
All being well we will complete our sale of a £450,000 apartment in Cheddar on Tuesday in a week. The freeholder has quoted £360 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Cheddar?
Cheddar conveyancing on leasehold flats normally necessitates the buyer’s conveyancer sending questions for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be content to do so. They are at liberty to levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some cases it is above £800. The administration charge demanded by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration fees, otherwise the invoice is technically not due. In reality one has no option but to pay whatever is demanded should you wish to sell the property.
Cheddar Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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Who are the managing agents? If a Cheddar lease has less than 80 years it will impact the salability of the apartment. Check with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will most likely have to extend the lease at some point and it is worth finding out how much this will be. Remember, in most cases you will be be obliged to have been the owner of the premises for a couple of years in order to be eligible to extend the lease. It is important to be aware if redecorating or some other major work is pending to be shared between the leaseholders and will materially increase the the service fees or require a specific invoice.
Some weeks ago I was advised by my lender that their approved lawyers operate no move no charge basis for conveyancing in Cheddar. I had a purchase abort nevertheless the solicitors have invoiced for search fees! They say the fees are independent!
Cheddar conveyancing search costs are disbursements not solicitors costs as these are payable to independent parties.