Why is leasehold purchase conveyancing in Torrington costs more?
The conveyancing fees for a leasehold premises in Torrington is frequently greater as compared to a freehold transaction. This is because there is an amount of extra investigations required in liaising with the landlord and managing agents to obtain evidence about whether the rent and maintenance fee have been discharged and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
My wife and I have recently appointed a conveyancing solicitor in Torrington. I I would like to check whether they are accepted on the Godiva Mortgages Ltd approved list of lawyers. Could you advise?
The first thing to do is phone the conveyancer and ask them whether they are on the lender panel. Alternatively you should call Godiva Mortgages Ltd who may be able to help.
My partner and I are selling our property in Torrington and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Torrington lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a national conveyancing practice as opposed to a conveyancing solicitor in Torrington. We have lived in Torrington for many years we know that this is a non issue. Do we contact our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I purchased my house on 14 October and my personal details is not yet registered. Should I be concerned? My conveyancing solicitor in Torrington said it should be dealt with inside ten days. Are titles in Torrington particularly slow to register?
As far as conveyancing in Torrington is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can adjust subject to the party submitting the application, whether there are errors and whether the Land registry communicate with any other parties. As of today approximately three quarters of submission are completed in less than three weeks but occasionally there can be extensive hold-ups. Registration takes place after the purchaser is living at the premises so 'speed' is not always top priority yet if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
There are only 62 years remaining on my lease in Torrington. I now wish to extend my lease but my freeholder is absent. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the freeholder. For most situations a specialist may be helpful to carry out a search and to produce a report to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Torrington.
Torrington Leasehold Conveyancing - Examples of Queries Prior to buying
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How many of the leaseholders are in arrears for their service charge payments? Many Torrington leasehold properties will incur a service charge for maintenance of the block set on behalf of the freeholder. Should you purchase the flat you will have to pay this charge, usually periodically throughout the year. This can vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. In all probability there will be a rentcharge to be met yearly, this is usually not a significant amount, say around £50-£100 but you need to check as occasionally it could be many hundreds of pounds. The answer will be important as a) areas may cause problems for the block as the common areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will need to have full disclosure
What are my options where I am not happy with the conveyancing practitioner who undertook our conveyancing in Torrington?
Occasionally the level of service you receive is not as you expect, and is is a fact of life that sometimes matters do not go as planned. Nevertheless there is recourse where you were unhappy with your conveyancing in Torrington. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their governing body. If you remain aggrieved you may consider enlisting the help of the Legal Ombudsman.