I am purchasing a house mortgage free in Ouston. I have resided for the previous 20 years in Ouston. Conveyancing searches are exorbitant. Given that I have knowledge of the area and road very well must I have all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Ouston conveyancing searches are at your discretion. Your lawyer will 'advise', no-doubt strongly, that you should have searches completed, but she is duty bound to do this. Do take into account; if you are going to sell the house in the future, it could be of relevance to your future buyer what the searches contain. Sometimes properties with day to day issues can still reveal detrimental search results. A good conveyancing solicitor in Ouston will be able to give you some sensible guidance concerning this.
I purchased a terraced Georgian house in Ouston. Conveyancing solicitor represented me and Clydesdale. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read 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 Ouston 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 buyers. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
Due to the input of my in-laws I had a survey completed on a house in Ouston in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies will not issue a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ouston. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking for a conveyancing solicitor in Ouston for my remortgage. Can I check a solicitor's record with the profession’s regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The regulator may monitor call for training requirements.
Having had my offer accepted I require leasehold conveyancing in Ouston. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is registered - and most are in Ouston - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Ouston - Sample of Questions you should consider before Purchasing
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How many years are left on the lease? Are there any major works on the horizon that will add a premium to the maintenance fees? How much is the maintenance charge and ground rent on the apartment?
Two months into buying a house in Ouston. Conveyancing lawyer has phoned to say the title is "Leasehold". Does this adversely affect our Santander valuation?
Ouston conveyancing does not usually involve leasehold houses. The main consideration here is the remaining lease term and the ground rent. If there are over a hundred years remaining with a nominal rent, it's essentially freehold, so it shouldn't impact the value significantly.
At the other extreme, if it's, say, fifty five years it is bound to have a material impact on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be specified in the lease to be supplied to your lawyer.