I am acquiring a property for cash in Gloucestershire. I have resided for the last twelve years in Gloucestershire. Conveyancing searches are a lot of money. Given that I know the road and vicinity very well must I have all the conveyancing searches?
In the absence of a mortgage, then almost all of the Gloucestershire conveyancing searches are optional. Your solicitor will try and steer you, no-doubt strongly, that you should have searches completed, but he has a professional duty to take that path of guidance. Do bear in mind; if you are intend to sell the house at a future date, it may be of interest to your prospective buyer what the searches reveal. Sometimes houses with apparent issues can still show up detrimental search results. A good conveyancing solicitor in Gloucestershire will provide you some practical guidance in this regard.
It has been 2 months since my purchase conveyancing in Gloucestershire completed. I have checked the Land Registry website which shows that I paid £175,000 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 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.
Just had an offer accepted on a new build apartment in Gloucestershire. 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 is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Gloucestershire
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
How does the Landlord & Tenant Act 1954 impact my business offices in Gloucestershire and how can you help?
The particular law that you refer to gives security of tenure to commercial tenants, giving them the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Gloucestershire
I am on look out for some leasehold conveyancing in Gloucestershire. Before I get started I would like to find out the unexpired term of the lease.
If the lease is registered - and most are in Gloucestershire - then the leasehold title will always include the basic details 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.
Leasehold Conveyancing in Gloucestershire - Sample of Queries before Purchasing
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How much is the ground rent and service charge? Many Gloucestershire leasehold apartments will be liable to pay a service bill for the upkeep of the block set by the landlord. Where you purchase the property you will have to pay this liability, usually in instalments during the year. This could differ from several hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. There will also be a ground rent for you to pay annual, normally this is not a significant sum, say about £25-£75 but you need to enquire it because sometimes it can be surprisingly expensive. What restrictions exist in the Gloucestershire Lease?
Finally, a mortgage offer from a lender for the refinancing of my 3 bedroom maisonette is expected within the next few days. Can you suggest an efficient remortgage conveyancing lawyer in Gloucestershire ?
This site is not designed to help in pursuit of a cheap conveyancing in Gloucestershire. Our intention is to offer cost effective conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by brokers offering £99 conveyancing in Gloucestershire.At best, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in extras and still not receive the service you were looking for.