It is a dozen years since I bought my property in Mevagissey. Conveyancing lawyers have now been retained on the sale but I am unable to find the title deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a possibility that the deeds will be kept by the lender or they may be in the possession of the lawyers who handled your purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Almost all conveyancing in Mevagissey involves registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
Me and my brother purchased a semi-detached Edwardian house in Mevagissey. Conveyancing practitioner acted for me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for 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 Mevagissey and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who completed the work.
I am looking for a ground for flat up to £305k and identified one close by in Mevagissey I like with a park and transport links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Mevagissey suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Is it possible to switch solicitor as I need to appoint one who is on the Godiva Mortgages Ltd conveyancing panel. I was using a local conveyancing solicitor in Mevagissey round the corner but she is not accepted by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Mevagissey on the Godiva Mortgages Ltd panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Mevagissey. Using search facility on this site, you can contrast fees for conveyancing solicitors in Mevagissey and throughout England and Wales.
Last August I purchased a leasehold flat in Mevagissey. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Mevagissey - A selection of Queries before buying
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It is important to be aware if redecorating or some other major work is due in the near future that will be shared by the tenants and could well dramatically impact the level of the maintenance costs or necessitate a one off payment. What is the name of the managing agents?
I'm selling a house in Mevagissey. I have found my conveyancer's company on the Law Society's list, but I can't see my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.