I require conveyancing for an apartment in a fairly new development (seven years built) in Hingham. 95% of the properties have already been sold. Do I need carry out the neighbourhood searches as part of conveyancing in Hingham?
You are taking a significant risk in not carrying out Hingham conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that you have them. Where time pressures and expenses are top of your issues you should consider with your solicitor about the options such as contingency insurance available to you
Should conveyancers request money on account when it comes to conveyancing in Hingham?
If you are buying a property in Hingham your lawyer will ask you to provide them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the total price then this will be required shortly before contracts are exchanged. The closing balance that is needed should be sent to your lawyer shortly before completion.
I have been told that property searches are a common cause of obstruction in Hingham house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Hingham.
Me and my brother purchased a terraced Edwardian house in Hingham. Conveyancing practitioner represented me and Coventry Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hingham and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
My wife and I purchased a leasehold house in Hingham. Conveyancing and National Westminster Bank mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Hingham who acted for me is not around. Do I pay?
First contact the Land Registry to make sure that this person is indeed the new freeholder. You do not need to incur the fees of a Hingham conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a split level flat in Hingham, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Hingham with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2097
You have 72 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I'm buying a property in Hingham. I can find my conveyancer's company on the CLC list, but I can't locate my conveyancer's name on the list. Is this a big problem?
Not all staff in the law firm must be listed by the regulator. Provided there is someone qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unqualified staff.