What does a local search inform me concerning the house we're purchasing in Shefford?
Shefford conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search plays an important role in many a Shefford conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
Me and my brother purchased a terraced Georgian house in Shefford. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You should review 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 Shefford and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who conducted the work.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Shefford is where the house is located. Can you shed any light on this issue?
Flying freeholds in Shefford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shefford you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shefford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking into buying my first house which is in Shefford and I am already nervous. I couldn't find anything specific about Shefford. Conveyancing will be needed in due course but do you know about the Shefford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shefford. In the meantime here are some basic statistics that we found
My husband and I are 18 days into a freehold purchase having been directed to a firm by the estate agent to handle our conveyancing in Shefford. We are not happy. Can you you assist me in finding new conveyancers?
They would have to be very bad in order to consider diss instructing them. Has your mortgage offer been issued? If so you must inform them of the new contact details and have the offer are issued to the new lawyers. The conveyancer needs to be on the mortgage company panel to avoid supplemental costs and delays. So that should be your starting point. Our find a solicitor tool will assist you in finding a lender approved lawyer for your home move in Shefford
Due to exchange soon on a studio apartment in Shefford. Conveyancing solicitors assured me that they are sending me a report next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Shefford should include some of the following:
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The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You should be advised what constitutes a Nuisance in the lease You should receive a copy of the lease Rent payments - how much and when is collected, and be on notice if this will change in the future Where does the liability rest to repair and maintain the building. It is important that you know who is responsible the repair and maintenance of all parts of the block and communal areas
I bought a basement flat in Shefford, conveyancing formalities finalised June 1997. Can you work out an approximate cost of a lease extension? Similar properties in Shefford with an extended lease are worth £202,000. The ground rent is £60 yearly. The lease terminates on 21st October 2082
With only 56 years unexpired we estimate the price of your lease extension to range between £29,500 and £34,000 plus professional fees.
The suggested premium range 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. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.