Will our lawyer be asking questions about flooding during the conveyancing in Gresford.
Flooding is a growing risk for solicitors dealing with homes in Gresford. There are those who purchase a property in Gresford, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, but there are a various searches that may be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Gresford. The standard property information forms supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to discover whether the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the seller, then a buyer may commence a legal claim for losses as a result of such an misleading reply. A buyer’s conveyancers should also conduct an enviro search. This will higlight whether there is a recorded flood risk. If so, additional investigations should be conducted.
2 months have elapsed following my purchase conveyancing in Gresford concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one near me in Gresford I like with open areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Gresford suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
In my capacity as executor for the estate of my father I am disposing of a property in Swansea but live in Gresford. My lawyer (who is 250 kilometers from merequires that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Gresford who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Gresford
Having checked my lease I have discovered that there are only 62 years unexpired on my flat in Gresford. I now want to get lease extension but my landlord is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to demonstrate that you have made all reasonable attempts to track down the landlord. In some cases a specialist may be helpful to conduct investigations and prepare an expert document which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to proving the landlord’s disappearance and the vesting order request to the County Court overseeing Gresford.
I invested in buying a ground floor flat in Gresford, conveyancing formalities finalised August 2012. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Gresford with a long lease are worth £260,000. The ground rent is £45 yearly. The lease runs out on 21st October 2099
With 74 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
My wife and I yesterday become aware that one of the partners of the solicitors undertaking the purchase conveyancing in Gresford is related to the owners that we are purchasing from. Is this allowed?
On the basis that no conflict arises this should be fine. Where you are requiring mortgage finance then the mortgage company may have a say as many mortgage companies have specific requirements on this. For example for Halifax Loans as of 10/5/2025, the requirements read as follows :