It is 10 years ago since I bought my property in Markyate. Conveyancing solicitors have just been appointed on the sale but I am unable to find the deeds. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by the lender or they may be archived with the lawyers who acted in the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Markyate involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
I purchased my house on 1 January and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Markyate advises it should be recorded inside ten days. Are titles in Markyate uniquely lengthy to register?
As far as conveyancing in Markyate registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can vary according to the party submitting the application, whether it is in order and if the Land registry have to notify any 3rd parties. Currently approximately 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Historically registration is effected once the purchaser is living at the premises thus an expedited registration is not always primary concern but where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
Due to the guidance of my in-laws I had a survey completed on a property in Markyate before retaining solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Markyate. Conveyancing will be smoother if you use a solicitor in Markyate especially if they regularly deal with such properties in Markyate.
I am looking for a conveyancing practitioner in Markyate for my house move. Is it possible to review a firm’s complaints history with the legal regulator?
One may search for published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training reasons.
I only have 72 years unexpired on my flat in Markyate. I need to extend my lease but my freeholder is absent. What options are available to me?
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 mean that your lease can be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to find the freeholder. In some cases a specialist should be helpful to try and locate and to produce a report to be used as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor in relation to devolving into the landlord’s disappearance and the application to the County Court covering Markyate.
I own a garden flat in Markyate, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Markyate with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2080
With only 55 years left to run the likely cost is going to span between £31,400 and £36,200 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Am in the process of purchasing my first house in Markyate. Conveyancing practitioner has been chosen. The financial consultant pointed out that a survey is not appropriate as the house is only fifteen years old.
As the bare minimum you need a Home Buyer's Report. Given the property was constructed more than a decade ago the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report may be sufficient. The report should highlight any apparent problems and recommend additional investigation where relevant. Where there are any signs of problems seek a full Building Survey from the beginning.