Is there a reason why leasehold purchase conveyancing in Crook Log is more expensive?
The conveyancing fees for a leasehold premises in Crook Log is inevitably more expensive than on a freehold residence. This is because there is an amount of extra investigations necessary in communicating with the landlord and managing agents to obtain information about whether the rent and service fee have been discharged and whether there are any significant expenditure in the near future on repairs or maintenance of the block.
Our mortgage company has suggested solicitors on their panel based in Crook Log but I would rather instruct a conveyancing lawyer in Crook Log or nearer to where I live. Can you help?
Not all Crook Log conveyancing practices are listed all banks conveyancing panel. Use the above search tool to find a Crook Log conveyancing conveyancer on the on the mortgage company panel.
I know that there are debates on Chancel Insurance on online forums. Do I require this when acquiring a property in Crook Log? or Apparently there is a law dating back centuries that could mean that house owners residing in a parish church boundary may be liable to pay for repairs towards the chancel in proximity to the church. Is this relevant for conveyancing in Crook Log?
Unless a previous acquisition of the house completed post 12 October 2013 you could assume that lawyers handling conveyancing in Crook Log to continue to recommend a chancel search and or insurance against a claim.
It has been 2 months since my purchase conveyancing in Crook Log completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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 Crook Log. Conveyancing is daunting 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 is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Crook Log
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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. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking for a flat up to £195,000 and identified one round the corner in Crook Log I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Crook Log in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage that many years will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.