It is 10 years ago since I purchased my property in Marford. Conveyancing lawyers have now been retained on the sale but I am unable to track down the title documents. Will this cause complications?
You need not be too concerned. First there is a possibility that the deeds will be retained by your lender or they could be in the possession of the conveyancers who handled your purchase. Secondly in most cases the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. The vast majority of conveyancing in Marford involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I own a terraced Victorian property in Marford. Conveyancing solicitor represented me and Britannia. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Marford and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing practitioner who conducted the work.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Marford I like with open areas and transport links in the vicinity, however it only has 52 years on the lease. There is not much else in Marford for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan that many years will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 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 consult your conveyancing lawyer about this.
How do I search for a Marford law firm on the Yorkshire Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the conveyancer.
Feel free to make use of the search on this website. Please choose the lender and your location and you will see a number of Marford conveyancing lawyers locally. We have listed some Marford conveyancing firms towards the end of this page and you can ring them to see whether they are on the Yorkshire Building Society approved list
Am I better off to go with a Marford conveyancing solicitor who is local to the property I am hoping to buy? An old friend can carry out the legal work however her office is 400miles away.
The primary upside of using a local Marford conveyancing practice is that you can pop in to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Marford know how is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were content that should trump using an unfamiliar Marford conveyancing lawyer solely due to them being local.
My wife and I purchased a leasehold flat in Marford. Conveyancing and Nottingham Building Society mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Marford who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Marford conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Leasehold Conveyancing in Marford - Examples of Questions you should consider Prior to Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? In the main the cost for major works are not wrapped into the service charges, albeit that a few managing agents in Marford ask leasehold owners to pay into a sinking fund and this is used to offset against larger repairs or maintenance. What is the length of the lease?