IfI were to purchase a simple residential housein Totterdown mortgage fee and have no survey and no local authority searches how much should I expect to to save on my conveyancing in Totterdown?
Any savings you would gain would be limited to the Totterdown conveyancing searches. A conveyancer still got to do everything else - money laundering, correspond with the vendors solicitor, stamp duty submission, register the title etc. A marginal saving might be made by not having to register a charge however it will not be meaningful.
We are downsizing from our home in Totterdown and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. Any high street Totterdown conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Totterdown. Having lived in Totterdown for many years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You must 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 sickness)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Totterdown?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Totterdown. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a ground for flat up to £305k and found one round the corner in Totterdown I like with amenity areas and station in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Totterdown for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan that many years may be problematic. Discount the price by the anticipated 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 may 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 about this matter.
I am using a search engine for the term cheap conveyancing in Totterdown it reveals numerous solicitorsin the area. How do I determine which is the right conveyancing solicitor for the sale of my house?
The ideal way of choosing a suitable conveyancer is through a trusted recommendation, so ask colleagues and relatives who have acquired a property in Totterdown or the local estate agent or financial adviser. Charges for conveyancing in Totterdown vary, so it's sensible to secure a minimum of four estimates from varying types of law firms. Make sure that you clarify that the fees are fixed.
I have recently realised that I have Fifty years left on my lease in Totterdown. I am keen to get lease extension but my landlord is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application 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. However, you will be required to demonstrate that you have used your best endeavours to find the freeholder. In some cases a specialist should be useful to carry out a search and prepare an expert document which can be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Totterdown.
Totterdown Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
-
Its a good idea to discover as much as possible concerning the company managing the block as they can either make your living at the property much easier or problematic. As the owner of a leasehold property you will be in the clutches of the managing agents both financially and when it comes to practical issues like the tidiness of the common parts. Don't be shy to ask other people whether they are happy with their management. On a final note, find out the dates that the service fees are due to the managing agents and precisely how they are spending that money. The answer will be helpful as a) areas could cause problems for the building as the common areas may start to deteriorate where services remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to have complete disclosure What prohibitions are contained in the Totterdown Lease?