Me and my brother own a 4 bedroom Edwardian house in Moreton. Conveyancing lawyer acted for me and The Royal Bank of Scotland. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
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 Moreton 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 purchasers. You can also question the position with the conveyancing lawyer who completed the work.
About to purchase a new build flat in Moreton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Moreton
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I have been on the look out for a flat up to £245,000 and found one near me in Moreton I like with a park and railway links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Moreton for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the shortness of the lease may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
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At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Moreton. Unlike many estate agents and brokerage sites we do not charge firms a commission if you appoint them for your property ownership legalities in Moreton
My husband and I are 3 weeks into a freehold purchase having been recommend to solicitors by the local agent to perform conveyancing in Moreton. I am am starting to be dissatisfied with the level of service. Could you you assist me in finding new lawyers?
They would have to be really bad in order to consider changing them. Has your mortgage offer been generated? In the event that it has you will need to advise them of the new contact details and have the loan are re-issued. Your solicitor ideally needs to be on the banks panel to avoid escalating charges and frustration. That should be your starting point. Our find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Moreton
Searching for a conveyancing solicitor in Moreton. I thought I had one sorted but they are not on the approved list of Virgin Money. It seems that these days most banks only allow lawyers on their panel. Extremely annoying limiting the choice for the paying public. Is it possible for you to suggest a good Moreton property lawyer that would act for us as well as represent Virgin Money?
The purpose of this site is restricted to being a directory service for lawyers who want to be listed as being on the approved conveyancing panel for Virgin Money in certain locations for instance Moreton . We dont recommend any specific property lawyer.