It is a dozen years since I bought my house in Toton. Conveyancing solicitors have now been appointed on the sale but I can't track down the title documents. Is this a major issue?
Don’t worry too much. Firstly there is a chance that the deeds will be with your lender or they may be in the possession of the lawyers who oversaw your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. Almost all conveyancing in Toton involves registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
I had intended to instruct a conveyancing solicitor in Toton for our home move. Our broker has since advised us that our bank Platform Home Loans Ltd won't deal with them. Why is this not regarded as unduly restrictive?
A bank can require an approved solicitor act for it. Borrowers are liable to meet the cost of this. Please make use of our database to choose a solicitor to carry conveyancing in Toton on the Platform Home Loans Ltd conveyancing panel.
What does a local search inform me regarding the property we're buying in Toton?
Toton conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searches UK The local search is essential in every Toton conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications relevant to the property (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 areas.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Toton is where the house is located. Is there any guidance you can give?
Flying freeholds in Toton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Toton you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Toton 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.
My wife and I purchased a leasehold flat in Toton. Conveyancing and Birmingham Midshires mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Toton who previously acted has now retired. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Toton conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a studio flat in Toton, conveyancing formalities finalised 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Toton with an extended lease are worth £191,000. The ground rent is £55 yearly. The lease terminates on 21st October 2078
With 53 years remaining on your lease the likely cost is going to be between £27,600 and £31,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
My fiance and I are searching for an affordable conveyancing solicitor in Toton to buy a home. I am aware of the possibility of getting ripped off and there are plenty Toton conveyancing organisations out there...who's the best?
To get quotes for your move via conveyancing firms that offers services in Toton please use our quote tool.