It is 10 years ago since I bought my home in Cotswolds. Conveyancing solicitors have recently been appointed on the sale but I can't find my deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be kept by your lender or they may be in the possession of the solicitor who acted in the purchase. Secondly in most cases the property will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Cotswolds involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
I am considering mortgaging my property in Cotswolds, does my lawyer have to be on the Leeds Building Society Conveyancing panel?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
The deeds to our property are lost. The conveyancers who did the conveyancing in Cotswolds 10 years ago are no longer around. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your conveyancer will know precisely where to locate all the appropriate documentation so you may buy or sell your house without any difficulty. If copies can’t be located, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on the premises.
What makes your site different to other online quote calculators for conveyancing in Cotswolds?
At this site obtain a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Cotswolds. Unlike many estate agents and brokerage sites we do not have referral arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the most kickback, not the best value conveyancing in Cotswolds
My wife and I purchased a leasehold flat in Cotswolds. Conveyancing and Coventry Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Cotswolds who previously acted has now retired. Any advice?
First contact HMLR to be sure that this person is in fact the new freeholder. There is no need to instruct a Cotswolds conveyancing firm to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a garden flat in Cotswolds, conveyancing formalities finalised 9 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Cotswolds with an extended lease are worth £211,000. The ground rent is £50 invoiced every year. The lease ceases on 21st October 2094
With 68 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Am in the process of purchasing my 1st property in Cotswolds. Conveyancing practitioner has been chosen. The financial consultant advised that a survey is not necessary as the house is only fifteen years old.
As the bare minimum you need a Home Buyer's Report. As the property is more than 10 years old the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be enough. The report should highlight any apparent problems and recommend additional investigation if appropriate. If there are any indications of problems obtain a full Building Survey from the beginning.