Finally the sale completed on my house in Gloucestershire last February but the buyer keeps Skype messaging daily to say his solicitor needs to hear from mylawyer. What should have happened following completion?
Following your house sale your lawyer should forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also confirm that the home loan has been paid off to the purchasers solicitors. There are no post completion tasks unique to conveyancing in Gloucestershire.
We are downsizing from our house in Gloucestershire and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers are using an internet conveyancing firm rather than a conveyancing solicitor in Gloucestershire. Having lived in Gloucestershire for many years we know of no issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Gloucestershire. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Gloucestershire
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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 provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I am looking for a flat up to £235,500 and found one close by in Gloucestershire I like with a park and station nearby, however it's only got 61 years on the lease. There is not much else in Gloucestershire suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I am in need of some leasehold conveyancing in Gloucestershire. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and most are in Gloucestershire - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a basement flat in Gloucestershire, conveyancing formalities finalised 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Gloucestershire with an extended lease are worth £185,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2085
With just 60 years remaining on your lease we estimate the price of your lease extension to span between £20,000 and £23,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
My folks are unable to locate their Gloucestershire land registry title on the online search facility. They have a vague memory 50 years ago when they acquired the property there were complications concerning the address not being identified on some systems.
The vast majority of premises in Gloucestershire should be revealed. Have you tried a search with simply the postcode. Usually it will identify all the residences inside that postcode. Where recorded it will show up with a title number. If they bought 48 years ago it's conceivable it may be unregistered. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which may be with your parent’s lender.