My IFA says he needs my Shirley lawyer’ panel reference for the Nat West conveyancing panel. How do I obtain this. I have tried my local Shirley branch but they don't know it.
You are best placed to get this information from your Shirley property lawyer . Most Shirley law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
Do the conveyancing solicitors that you recommend conduct auction conveyancing in Shirley?
We know of a few auction practitioners we can connect you with those conducting auction conveyancing. Shirley is one of the many locations in which our lawyers have offices.
I am the registered owner of a freehold residence in Shirley yet charged rent, why is this and what is this?
It is rare for properties in Shirley and has limited impact for conveyancing in Shirley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
The deeds to our house can not be found. The conveyancers who dealt with the conveyancing in Shirley 4 years ago no longer exist. What are my next steps?
Assuming you have a registered title the information relating to your proprietorship will be documented by the Land Registry under a Title Number. It is possible to carry out a search at the Land Registry, identify your property and obtain current copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will also normally retain a file duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
Just had an offer accepted on a new build flat in Shirley. 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.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Shirley
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Shirley I like with amenity areas and transport links nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Shirley for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.