I am acquiring a house without a mortgage in Limbury. I have resided for the last dozen years in Limbury. Conveyancing searches are a lot of money. As I have knowledge of the road and vicinity very well must I have all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the Limbury conveyancing searches are optional. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches carried out, but he has a professional duty to take that path of advice. Do take into account; if you are likely to sell the house at a future date, it may be of importance to your prospective purchaser what the searches determine. There are plenty of instances where premises with no practical issues can still show up negative search results. A competent conveyancing solicitor in Limbury will provide you some practical advice concerning this.
Why do I have to pay up front when it comes to conveyancing in Limbury?
If you are buying a property in Limbury your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. Ordinarily this is asked for to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this should be asked for immediately ahead of exchange of contracts. Any further balance that is needed should be transferred shortly before completion.
We are downsizing from our property in Limbury and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Limbury conveyancer would know this is not the case. It does beg the question why the purchasers used an internet conveyancing practice rather than a conveyancing solicitor in Limbury. Having lived in Limbury for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I used Action Conveyancing a few years ago for my conveyancing in Limbury. I now require my file however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Limbury of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Having checked my lease I have discovered that there are only Seventy years left on my lease in Limbury. I need to extend my lease but my freeholder is can not be found. What should I do?
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 an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the lessor. In some cases an enquiry agent should be useful to carry out a search and prepare a report to be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer in relation to proving the landlord’s absence and the vesting order request to the County Court covering Limbury.
I own a 2 bed flat in Limbury, conveyancing having been completed in 2002. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Limbury with a long lease are worth £180,000. The ground rent is £65 levied per year. The lease finishes on 21st October 2084
With 59 years remaining on your lease the likely cost is going to range between £20,900 and £24,200 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
My partner and I hope to buy our first property in Limbury. Conveyancing solicitor has been chosen. The broker suggested that a survey is not necessary as the property was only built in 1997.
As the bare minimum you need a Home Buyer's Report. Given the premises was built more than a decade ago the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may be sufficient. They will highlight any obvious issues and suggest additional investigation where relevant. If there are any signs of material issues seek a full Building Survey from the beginning.