I am acquiring a property without a mortgage in Rye. I have lived for the last 15 years in Rye. Conveyancing searches are expensive. As I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the Rye conveyancing searches are at your discretion. Your lawyer will ’encourage you, no-doubt strongly, that you should have searches done, but he has a professional duty to do this. Do bear in mind; if you are likely to sell the house in the future, it could be of importance to your prospective purchaser what the searches determine. Sometimes premises with day to day issues can still reveal unpredicted search results. A competent conveyancing solicitor in Rye will be able to give you some sensible advice here.
three months have elapsed following my purchase conveyancing in Rye took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build apartment in Rye. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Rye
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Please confirm the Lease plans are surveyor prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants.
Are there any apps to help locate a Rye law firm on the Barnsley Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the solicitor.
You can use the search on this page. Please pick a bank and your location and you will see a number of Rye conveyancing lawyers located nearest you. We have listed some Rye conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Barnsley Building Society panel
My father has suggested that I use his lawyers for conveyancing in Rye. Do I follow his advice?
There are no two ways about it it’s preferable to choose a conveyancing practitioner is to get recommendations from friends or relatives who have actually experience in using the firm that you are are thinking of instructing.
Having had my offer accepted I require leasehold conveyancing in Rye. Before I get started I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Rye - 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.
I am the registered owner of a split level flat in Rye, conveyancing formalities finalised 3 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Rye with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ends on 21st October 2099
With only 74 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.