It is is a decade since I purchased my property in Seaton Sluice. Conveyancing lawyers have now been appointed on the sale but I can't locate the deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a chance that the deeds will be retained by the lender or they may be in the possession of the conveyancers who handled the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Nearly all conveyancing in Seaton Sluice relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
The deeds to my property are lost. The solicitors who conducted the conveyancing in Seaton Sluice 10 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to have the physical official documentation to prove you are the owner of your registered land or premises, given that the Land Registry hold details of all registered land or property electronically.
I am buying a new build apartment in Seaton Sluice. Conveyancing is daunting 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.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Seaton Sluice
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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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I have been on the look out for a flat up to £305k and found one round the corner in Seaton Sluice I like with a park and station nearby, the downside is that it only has 61 years on the lease. There is not much else in Seaton Sluice in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan the shortness of the lease will likely be an issue. Discount the offer by the anticipated 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 may ask them to commence the lease extension formalities and pass 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 solicitor concerning this matter.
I am downsizing from my home. My past lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Seaton Sluice if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Seaton Sluice. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Having checked my lease I have discovered that there are only Fifty years left on my lease in Seaton Sluice. I need to get lease extension but my freeholder is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to track down the landlord. On the whole an enquiry agent would be helpful to try and locate and prepare an expert document which can be accepted by the court as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the application to the County Court overseeing Seaton Sluice.
Seaton Sluice Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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Plenty Seaton Sluice leasehold flats will have a service bill for maintenance of the building levied on behalf of the landlord. Should you purchase the flat you will have to pay this liability, normally in instalments during the year. This can be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge for you to pay yearly, this is usually not a large amount, say approximately £50-£100 but you should to check it because sometimes it can be many hundreds of pounds. In the main the outlay for major works are not included within service charges, although a few managing agents in Seaton Sluice obliged leasehold owners to pay into a sinking fund and this is used to offset against larger works. Does the lease include onerous restrictions?