We are due to complete buying a house in Great Shelford but as a consequence of wreckage from the recent storms I have was able negotiate reparation from the owner in the sum of £3k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement yet Aldermore will not permit this. Why were they notified?
Your property lawyer being on a Aldermore conveyancing panel is required to inform Aldermore of any variations to the purchase price. If you were to refuse your solicitor to report the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new conveyancer for your conveyancing in Great Shelford.
It is is a decade since I bought my home in Great Shelford. Conveyancing lawyers have just been retained on the sale but I am unable to find my title deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a possibility that the deeds will be retained by your mortgage company or they could still be with the conveyancers who oversaw your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Almost all conveyancing in Great Shelford relates to registered property but in the rare situation where your property is not registered it is more problematic but is not insurmountable.
Are there restrictive covenants that are commonly identified during conveyancing in Great Shelford?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Great Shelford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
We're novice buyers - agreed a price, but the selling agent told us that the vendor will only issue a contract if we instruct their recommended lawyers as they need a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Great Shelford
We suspect that the owner is not behind this demand. Should the seller desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Contact the vendors directly and make the point that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Great Shelford conveyancing solicitors - rather thanthe ones that will provide the estate agent a referral fee or meet his conveyancing targets demanded by corporate headquarters.
I wish to let out my leasehold flat in Great Shelford. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Even though your last Great Shelford conveyancing solicitor is no longer around you can review your lease to see if it allows you to sublet the property. The rule is that if the deeds are non-specific, subletting is permitted. There may be a precondition that you are obliged to obtain permission from your landlord or some other party in advance of subletting. The net result is you not allowed to sublet in the absence of first obtaining consent. The consent is not allowed to be unreasonably withheld. If the lease prohibits you from letting out the property you will need to ask your landlord if they are willing to waive this restriction.
I purchased a basement flat in Great Shelford, conveyancing having been completed September 2012. Can you work out an approximate cost of a lease extension? Similar properties in Great Shelford with an extended lease are worth £175,000. The ground rent is £65 charged once a year. The lease finishes on 21st October 2084
With 58 years left to run we estimate the price of your lease extension to be between £23,800 and £27,400 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
My financial adviser has recommended their conveyancer for the conveyancing in Great Shelford - won’t it be advisable to just use them?
It is worth checking if the selling agent is recommending a conveyancer or introducing to a conveyancer. There are plenty of Great Shelford selling agents who recommend two or three Great Shelford conveyancing firms purely based on those lawyers offering a great service.