It is 10 years ago since I bought my house in Clifton Village. Conveyancing lawyers have now been retained on the sale but I can't locate the deeds. Is this a problem?
You need not be too concerned. Firstly the deeds may be with your mortgage company or they could be in the possession of the lawyers who acted in the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. The vast majority of conveyancing in Clifton Village relates to registered property but in the unlikely event that your property is not registered it adds to the complexity but is resolvable.
It has been three months following my purchase conveyancing in Clifton Village concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 property 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.
I am buying a new build apartment in Clifton Village. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Clifton Village
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Please confirm the Lease plans are architect prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
My company is wishing to lease a unit on the high street. Can you recommend conveyancers offering competitive costs for commercial conveyancing in Clifton Village for below £1,200?
We can recommend firms who host a wealth of experience of commercial conveyancing in Clifton Village, including the sale and acquisition of businesses as well as simply property. Whether you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right firm. Regarding the charges these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or call us so that we may supply you with comprehensive commercial conveyancing quote.
I am using a search engine for the term conveyancing in Clifton Village it brings up numerous conveyancersin the vicinity. How do I determine which is the suitable solicitor for me?
The best method of finding the right conveyancer is via trusted recommendation, so enquire of colleagues and relatives who have bought a property in Clifton Village or a respected estate agent or mortgage broker. Fees for conveyancing in Clifton Village vary, so it's sensible to request at least three estimates from different solicitors. Dont forget to clarify what costs in the quote includes.
Do you have any advice for leasehold conveyancing in Clifton Village from the point of view of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Clifton Village can be bypassed where you instruct lawyers as soon as your agents start marketing the property and request that they start to put together the leasehold information needed by the buyers’ conveyancers. You believe that you know the number of years remaining on your lease but it would be wise to double-check by asking your lawyers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 75 years. It is therefore essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. In the event that you altered the property did you need the Landlord’s permission? Have you, for example installed wooden flooring? Most leases in Clifton Village state that internal structural alterations or installing wooden flooring require a licence issued by the Landlord approving such alterations. Should you fail to have the paperwork to hand do not communicate with the landlord without contacting your lawyer before hand. If you have had conflict with your landlord or managing agents it is essential that these are settled before the property is put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to reveal the dispute as over rather than unresolved.
I inherited a ground floor flat in Clifton Village, conveyancing having been completed 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Clifton Village with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 per annum. The lease expires on 21st October 2083
With 58 years remaining on your lease we estimate the premium for your lease extension to span between £23,800 and £27,400 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.