The deeds to our house are lost. The solicitors who handled the conveyancing in Lifton 5 years ago no longer exist. What are my next steps?
Nowadays there are duplicates made of almost everything, and your conveyancer should know exactly where to locate all the suitable paperwork so you can buy or sell your property without any difficulty. If duplicates are not available, your conveyancer can put in place insurance or indemnities protecting you against possible claims on the premises.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Lifton I like with open areas and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Lifton for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan that many years may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I'm remortgaging my existing house to a BTL loan with Clydesdale and I will use the rest of the raised equity as a down payment on a second property. The location we are looking at is Lifton. Will your solicitors be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our search tool on this page to check that the conveyancers are on the relevant lender panels. Assuming that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and specify your expectations and needs.
My husband and I are 3 weeks into a leasehold purchase having been directed to a firm by the estate agent to do our conveyancing in Lifton. We are not happy. Can you you assist me in finding new conveyancers?
They would need to be really poor to suggest changing them. Has the mortgage been issued? In the event that it has you must advise them of the new solicitor and get the offer are re-issued. Your new solicitor ideally should be on the mortgage company panel to avoid added fees and complications. That should be your starting point. Our find a solicitor tool can help you find a bank approved conveyancer for your conveyancing in Lifton
Completion is due on the sale of our £475,000 maisonette in Lifton next week. The landlords agents has quoted £312 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Lifton?
For the majority of leasehold sales in Lifton conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-exchange questions
Where consent is required before sale in Lifton
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I acquired a leasehold flat in Lifton, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding flats in Lifton with over 90 years remaining are worth £185,000. The ground rent is £65 invoiced every year. The lease expires on 21st October 2085
You have 60 years left to run we estimate the premium for your lease extension to range between £20,000 and £23,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.
My plan is to purchase a garden flat in Lifton. Conveyancing solicitor has been awaiting, from the owner, building insurance documents. This afternoon I was advised that the vendor needs to forward the insurance paperwork for the flat above in addition. Why does my solicitor want to check the insurance for the flat above? Is it strictly necessary? We have been waiting for the previous month…
It is not unheard of in leasehold conveyancing in Lifton to find Conveyancing in Lifton in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats as opposed to the freeholder insuring the complete block - which is clearly preferable. Do contact your solicitor but it would appear that your solicitor is seeking to establish that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed for lack of insurance.