We are buying our first home. Our solicitor has texted usto check if we want to purchase additional conveyancing searches. We are really unsure what's relevant for conveyancing in Godstone
The type of Godstone conveyancing searches depends primarily on the property, the location, the probability of any of these risks, your knowledge of the locality and risks, your overall approach to risk. What matters is that you properly understand what information the searches could supply. You may then make a decision if you consider that you need that information. Where you are unclear, ask your solicitor to recommend.
It is 10 years ago since I purchased my property in Godstone. Conveyancing lawyers have recently been appointed on the sale but I can't track down the deeds. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be kept by the lender or they may be archived with the lawyers who oversaw the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. The vast majority of conveyancing in Godstone involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
I have been on the look out for a ground for flat up to £245,000 and found one close by in Godstone I like with a park and railway links in the vicinity, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Godstone in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they start the process of the extension 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 consult your conveyancing lawyer regarding this.
We are a couple of weeks into a freehold purchase having been directed to solicitors by the selling agent to perform conveyancing in Godstone. I am am starting to be disappointed with the level of service. Could you help me find new conveyancers?
They would need to be very bad in order to consider changing them. Has the mortgage offer been generated? If so you need to advise them of the new conveyancer and get the mortgage documents are re-issued. Your conveyancer needs to be on the banks panel to avoid supplemental fees and frustration. That should be your first question of the new solicitors. The find a solicitor tool should assist you in finding a bank approved lawyer for your conveyancing in Godstone
I am in need of some leasehold conveyancing in Godstone. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and almost all are in Godstone - 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.
Having spent months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Godstone. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Godstone premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The unexpired term as at the valuation date was 75 years.
Do I cancel my mortgage payments with Coventry BS as soon as a completion date for my home sale in Godstone has been agreed?
You are best advised to continue paying any mortgage payments to Coventry BS until the mortgage is paid off out of the proceeds of sale as part of your Godstone conveyancing.