I am purchasing a house and the lawyer has mentioned Chancel Repair to which the house may be liable because it falls into the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Cottenham
Unless a prior acquisition of the house took place post 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Cottenham to continue to recommend a chancel search and or insurance against a claim.
four months have gone by since my purchase conveyancing in Cottenham completed. I have checked the Land Registry site which shows that I paid £150,000 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 residence 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Cottenham I like with a park and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Cottenham suitable, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
As co-executor for the will of my father I am disposing of a property in Newport but I am based in Cottenham. My lawyer (who is 260 miles awayneeds me to execute a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing lawyer in Cottenham who can witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Cottenham based
My wife and I purchased a leasehold house in Cottenham. Conveyancing and HSBC Bank mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Cottenham who acted for me is not around. Do I pay?
First contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Cottenham conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Cottenham Leasehold Conveyancing - Sample of Queries Prior to buying
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On the whole the cost for major works tend not to be included within service charges, albeit that a few managing agents in Cottenham obliged tenants to contribute towards a sinking fund and this is used to offset against larger repairs or maintenance. Is anyone aware of any major works in the planning that will likely increase the maintenance costs? What is the name of the managing agents?
We have been informed by numerous family members that it may take 6-8 weeks for Cottenham conveyancing to complete.This was a month ago. The paperwork was only sent to my lawyer a couple of days ago so now does it countdown?
You need to be realistic about timing. Conveyancing in Cottenham usually takes about ten weeks. This time period is not due to property lawyer being slow and purposely delay matters. The level of money involved in purchasing any property is so high, the purchaser's conveyancing practitioner having to carry out a wide range of enquiries, searches and other checks to protect the purchaser and their mortgage company (if there is to be a mortgage) from expensive, avoidable problems. Conveyancing in Cottenham involves obtaining information from an array of third parties, for example other conveyancer, local councils, private companies, mortgage companies. Many of these are well organised. Others are not. Finally, it doesn't matter how quickly your conveyancing practitioner do their work, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are.