We are planning to acquire a property and need a conveyancing solicitor in Lincoln who is on the Aldermore conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Lincoln.
We are selling our property in Lincoln and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Lincoln conveyancer would know this is not the case. It does beg the question why the buyers used an internet conveyancing practice rather than a conveyancing solicitor in Lincoln. Having lived in Lincoln for six years we know of no issue. Do we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of 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 ailment)
I bought my flat on 4 November and the transaction details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Lincoln said it would be registered in a couple of weeks. Are titles in Lincoln uniquely lengthy to register?
There is nothing unique about conveyancing in Lincoln registration formalities. Rather than based on location, timeframes can adjust depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any interested parties. At present in the region of 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration occurs after the purchaser has moved in to the premises so post completion formalities is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
I am looking for a ground for flat up to £195,000 and found one near me in Lincoln I like with amenity areas and transport links in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Lincoln for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
My father has suggested that I use his lawyers for conveyancing in Lincoln. Do I follow his guidance?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to have guidance from friends or relatives who have experience in using the firm you're considering.
I work for a reputable estate agency in Lincoln where we have witnessed a few leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Lincoln conveyancing solicitors. Could you confirm whether the seller of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Lincoln Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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In the main the cost for major works are not included within maintenance charges, albeit that there some managing agents in Lincoln obliged leaseholders to contribute towards a reserve fund and this is used to offset against larger works. What is the the remaining lease term? Where a Lincoln lease has no more than eighty years it will have adverse implications on the value of the property. Check with your lender that they are happy with remaining years on the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and you need to have some idea of what this would cost. Remember, in most cases you would be be obliged to have been the owner of the premises for a couple of years before you are entitled to exercise a lease extension.