My IFA has asked me for my Stoke Bishop lawyer’ panel reference for the Lloyds conveyancing panel. Can you suggest how I find this out. I have called my local Stoke Bishop office but they have not got back to me yet.
Have you tried contacting your Stoke Bishop conveyancing practitioner about this?. They keep a central record lender panel numbers.
I am purchasing a property mortgage free in Stoke Bishop. I have lived for the last dozen years in Stoke Bishop. Conveyancing searches are exorbitant. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Stoke Bishop conveyancing searches are optional. Your lawyer will try and steer you, perhaps strongly, that you should have searches carried out, but she is duty bound to do this. Do bear in mind; if you are likely to sell the house in the future, it may be of importance to your prospective purchaser what the searches contain. On occasion premises with functional issues can still reveal negative search results. A competent conveyancing solicitor in Stoke Bishop will be able to give you some practical guidance here.
Me and my brother have a 4 bedroom Victorian house in Stoke Bishop. Conveyancing practitioner acted for me and Bank of Scotland. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to 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 Stoke Bishop and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing solicitor who carried out the work.
I am looking for a ground for flat up to £245,000 and identified one close by in Stoke Bishop I like with amenity areas and transport links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Stoke Bishop for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Stoke Bishop and how can your lawyers assist?
The 1954 Act gives security of tenure to business tenants, granting the legal entitlement to apply to court for a new lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Stoke Bishop is one of the numerous areas of the UK in which the firms we work with have offices
I am in need of some leasehold conveyancing in Stoke Bishop. Before diving in I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Stoke Bishop - 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.
Stoke Bishop Leasehold Conveyancing - Examples of Queries before Purchasing
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How much is the ground rent and service charge? Are there any major works anticipated that will likely add a premium to the maintenance charges? Does the lease have more than 85 years unexpired?