Me and my fiancee are acquiring our first property. Our conveyancing practitioner has contact usto ask if we wish to take out extra conveyancing searches. Unfortunately we in the dark as to what's appropriate for conveyancing in Meopham
The range of Meopham conveyancing searches should be triggered based entirely on the premises, the location, the probability of any of these risks, your knowledge of the locality and risks, your general appetite to risk. What matters is that you properly understand what information each search could give you. Then you can decide if you personally think you need that search. Should you be in doubt, ask the property lawyer to recommend.
We're in Meopham, First time buyers buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I need some quick conveyancing in Meopham as I am under a deadline to sign on the dotted line inside one month. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not taking a home loan you are at liberty not to have searches carried out although no lawyer would recommend that you don't. With lots of history conveyancing in Meopham the following are examples of issues that can crop up and therefore impact future mortgageability: Enforcement Actions, Overdue Fees, Outstanding Grants, Unadopted Roads,...
Despite weeks of looking the Title Certificate and documents to my home are lost. The solicitors who dealt with the conveyancing in Meopham 10 years ago are no longer around. What do I do?
Assuming you have a registered title the details of your proprietorship will be evidenced by the Land Registry under a Title Number. It is easy to conduct a search at the Land Registry, locate your house and secure current copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will also normally hold a certified duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
Due to the encouragement of my in-laws I had a survey completed on a property in Meopham prior to instructing lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to grant a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Meopham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Meopham to see if the conveyancing will be more expensive.
I today plan to offer on a house that seems to tick a lot of boxes, at a great price which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Meopham. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
The majority of houses in Meopham are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Meopham so you should seriously consider shopping around for a Meopham conveyancing practitioner and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out changes to the property. You may also be required to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your solicitor will report to you on the legal implications.
I purchased a studio flat in Meopham, conveyancing was carried out in 2004. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Meopham with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2105
You have 80 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.