It is a dozen years since I bought my property in Lees and Moorside. Conveyancing lawyers have just been retained on the sale but I am unable to find the title documents. Is this a problem?
Don’t worry too much. First the deeds may be retained by the mortgage company or they could be archived with the conveyancers who acted in the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Lees and Moorside relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
My grandfather passed away six months ago and as sole heir and executor I was left the property in Lees and Moorside. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
Given you plan to re-mortgage then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
4 months have elapsed since my purchase conveyancing in Lees and Moorside concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 property 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.
How does conveyancing in Lees and Moorside differ for newly converted properties?
Most buyers of new build residence in Lees and Moorside contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Lees and Moorside tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Lees and Moorside or who has acted in the same development.
I have been on the look out for a flat up to £245,000 and identified one round the corner in Lees and Moorside I like with a park and transport links nearby, however it only has 49 remaining years left on the lease. There is not much else in Lees and Moorside for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
My company is hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Lees and Moorside for under £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Lees and Moorside, including the disposal and purchase of businesses as well as simply premises. If you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. As for the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or phone us so that we may provide you with a detailed commercial conveyancing calculation.