Do all mortgage companies provide you with an approved list of Ellesmere Port conveyancing solicitors? How do you know who is on the Kent Reliance conveyancing panel?
Ellesmere Port conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
It has been 4 months following my purchase conveyancing in Ellesmere Port concluded. I have checked the Land Registry website 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.
I am buying a new build flat in Ellesmere Port. Conveyancing is necessary evil 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.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Ellesmere Port
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Please confirm the Lease plans are surveyor prepared. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Ellesmere Port is the location of the property. What do you suggest?
Flying freeholds in Ellesmere Port are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ellesmere Port you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ellesmere Port may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My husband and I are novice buyers - had an offer accepted, yet the property agent has warned us that the seller will only proceed if we instruct their recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Ellesmere Port
It is unlikely the sellers are behind this. Should the owner require ‘a quick sale', alienating a genuine buyer is counter productive. Try to communicate with the vendors directly and explain that (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Ellesmere Port conveyancing firm - rather thanthose that will give the negotiator at the agency a commission or achieve conveyancing targets set by senior management.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Ellesmere Port. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Ellesmere Port ?
Most houses in Ellesmere Port are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Ellesmere Port so you should seriously consider shopping around for a Ellesmere Port conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your lawyer should advise you fully on all the issues.
I inherited a leasehold flat in Ellesmere Port, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Ellesmere Port with an extended lease are worth £165,000. The ground rent is £50 levied per year. The lease ends on 21st October 2102
With only 78 years unexpired we estimate the premium for your lease extension to be between £7,600 and £8,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.