It is is a decade since I acquired my property in Thurmaston. Conveyancing solicitors have recently been appointed on the sale but I am unable to locate my deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be kept by your lender or they could be in the possession of the conveyancers who oversaw the purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Thurmaston involves registered property but in the rare situation where your home is unregistered it is more of a problem but is resolvable.
I require quick conveyancing in Thurmaston as I am faced with a deadline to exchange contracts in less than 2 weeks. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at free not to have searches carried out although no solicitor would advise that you don't. Drawing on our experience of conveyancing in Thurmaston the following are examples of issues that can show up and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
It has been 4 months since my purchase conveyancing in Thurmaston concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 premises 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.
I am looking for a ground for flat up to £235,500 and found one close by in Thurmaston I like with a park and transport links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Thurmaston in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan that many years may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
What makes your site different to alternative web based conveyancing brokers for conveyancing in Thurmaston?
At this site receive a conveyancing quote from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Thurmaston. As opposed to estate agents and many comparison sites we do not have referral deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the most kickback, as opposed to the best value conveyancing in Thurmaston
I work for a busy estate agency in Thurmaston where we have witnessed a few leasehold sales derailed due to short leases. I have been given inconsistent advice from local Thurmaston conveyancing solicitors. Can you clarify whether the seller of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Thurmaston Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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What is the name of the managing agents? Does the lease include onerous restrictions?