Me and my brother own a 4 bedroom Edwardian property in Cirencester. Conveyancing practitioner represented me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Cirencester and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing lawyer who conducted the work.
I am buying a new build flat in Cirencester. 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 are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Cirencester
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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.
I am looking for a ground for flat up to £245,000 and identified one near me in Cirencester I like with open areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Cirencester for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I was advised by a number of estate agents in Cirencester to choose a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to market your site over and above alternative conveyancing organisations?
We refuse to give any commission for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
In surfing the world wide web for the phrase on line conveyancing in Cirencester it reveals numerous conveyancersin the area. How do I determine which is the suitable conveyancing solicitor for the sale of my house?
The ideal method of seeking the right conveyancer is via personal recommendation, so enquire of colleagues and family who have bought a property in Cirencester or the reputable estate agent or mortgage broker. Costs for conveyancing in Cirencester vary, so it's a good idea to obtain at least four fee calculations from varying types of property lawyers. Dont forget to clarify that the fees are fixed.
Do I cancel my mortgage payments with Skipton as soon as a completion date for my home sale in Cirencester has been set?
No, you should continue paying any mortgage sums to Skipton pending the mortgage being paid off from the proceeds of sale as part of your Cirencester conveyancing.