It is a dozen years since I bought my house in Navenby. Conveyancing lawyers have now been instructed on the sale but I can't track down my title documents. Is this a problem?
You need not be too concerned. First there is a chance that the deeds will be retained by the lender or they may be in the possession of the lawyers who oversaw the purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. The vast majority of conveyancing in Navenby relates to registered property but in the unlikely event that your home is not registered it is more tricky but is resolvable.
I acquired my apartment on 10 June and the transaction details are still not registered. Should I be concerned? My conveyancing solicitor in Navenby advises it would be concluded in less than a month. Are properties in Navenby particularly slow to register?
As far as conveyancing in Navenby is concerned, registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry must send notices to any 3rd parties. As of today approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to longer delays. Historically registration takes place after the buyer has moved in to the premises thus 'speed' is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
I decided to have a survey completed on a house in Navenby before retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some lenders will not give a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Navenby. Conveyancing will be smoother if you use a solicitor in Navenby especially if they are accustomed to such properties in Navenby.
My company is looking to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Navenby for under £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Navenby, including the disposal and purchase of businesses as well as simply premises. If you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. Regarding the charges these will vary based on the structure and terms of the proposed transaction. Let us have your contact information or call so as to enable us to provide you with a fixed commercial conveyancing calculation.
Do you have any advice for leasehold conveyancing in Navenby with the aim of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Navenby can be reduced where you get in touch lawyers the minute you market your property and ask them to put together the leasehold documentation needed by the buyers’ lawyers. Some Navenby leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. The majority of freeholders or managing agents in Navenby levy fees for supplying management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Navenby. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Most leases in Navenby state that internal structural changes or installing wooden flooring require a licence issued by the Landlord approving such works. Should you dont have the consents to hand do not contact the landlord without checking with your conveyancer in the first instance.
I invested in buying a 1 bedroom flat in Navenby, conveyancing having been completed January 2012. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Navenby with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease expires on 21st October 2078
You have 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
How much will conveyancing in Navenby cost?
Almost all Navenby conveyancing practices will charge a set fee. If additional work becomes necessary during the transaction your property lawyer is duty bound to disclose to you in writing of such further costs for such work as soon as it becomes foreseeable. Some practices will agree not to render an invoice if the deal aborts, others will charge a percentage of the set charges, calculated based on the point at which the transaction falls through.
It may be helpful for you to obtain various firms to supply you an estimate.