Should our lawyer be asking questions about flooding during the conveyancing in Coleshill.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Coleshill. Plenty of people will buy a house in Coleshill, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, however there are a numerous searches that can be undertaken by the purchaser or by their conveyancers which will give them a better understanding of the risks in Coleshill. The conventional set of property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the property has historically flooded. If the property has been flooded in past and is not notified by the vendor, then a purchaser could commence a compensation claim as a result of such an inaccurate answer. The buyer’s conveyancers will also order an environmental search. This should indicate if there is any known flood risk. If so, additional inquiries should be initiated.
Me and my brother have a semi-detached Victorian property in Coleshill. Conveyancing practitioner represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Coleshill and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Coleshill. 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 is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Coleshill
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Coleshill I like with amenity areas and station in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Coleshill for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
In what way does the Landlord & Tenant Act 1954 impact my business property in Coleshill and how can you help?
The 1954 Act gives a safeguard to commercial tenants, granting the legal entitlement to make a request to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Coleshill is one of the many locations in which our lawyers are located
I pay a service charge for my property in Coleshill. As a result of personal circumstances I slipped behind with remittance. The managing agents agreed a clearance schedule but there is still two currently due.
I want to dispose of the property and I am worried this may hold me back if I have to pay off the arrears now. I'd like to sell up and then discharge the arrears from the completion monies - is this viable?
The conveyancing practitioner handing your Coleshill sale should be able to negotiate with the appropriate parties, and agree with them whether or not they would accept payment from completion monies. Here is indicative of why it is sensible to appoint a lawyer in Coleshill as they are likely to have an established relationship with the parties.