It is is a decade since I bought my property in Hoddesdon. Conveyancing solicitors have recently been instructed on the sale but I can't track down my title deeds. Is this a problem?
You need not be too concerned. First the deeds may be with your mortgage company or they may be in the possession of the solicitor who oversaw your purchase. Secondly the chances are that 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 solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Hoddesdon involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather use a high street conveyancing solicitor in Hoddesdon?
Do check but the chances are that appoint one of their panel conveyancers should you want the "fee-free" deal. Speak to the mortgage company and ask if they allow a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Hoddesdon.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Hoddesdon?
Its becoming the norm that commercial conveyancing solicitors in Hoddesdon will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Hoddesdon. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hoddesdon.
For every commercial conveyancing transaction in Hoddesdon it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Hoddesdon commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Hoddesdon.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Hoddesdon is where the house is located. Can you offer any opinion?
Flying freeholds in Hoddesdon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Hoddesdon you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hoddesdon may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend solicitors offering competitive costs for commercial conveyancing in Hoddesdon for under £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Hoddesdon, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. As for the fees this will depend on the structure and complexity of the deal. Let us have your contact information or call so as to enable us to supply you with a detailed commercial conveyancing calculation.
I only have Sixty One years left on my lease in Hoddesdon. I now want to extend my lease but my landlord is can not be found. What are my options?
If you qualify, 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 Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the freeholder. On the whole an enquiry agent should be helpful to carry out a search and prepare a report which can be used as proof that the landlord can not be located. It is wise to seek advice from a solicitor both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Hoddesdon.
I purchased a 2 bed flat in Hoddesdon, conveyancing formalities finalised in 2008. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Hoddesdon with over 90 years remaining are worth £195,000. The ground rent is £45 invoiced annually. The lease expires on 21st October 2088
With just 63 years unexpired the likely cost is going to span between £16,200 and £18,600 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.