It is a dozen years since I acquired my house in Waterlooville. Conveyancing solicitors have now been instructed on the sale but I can't locate the title deeds. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by the lender or they may be in the possession of the conveyancers who handled your purchase. Secondly in most cases the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in Waterlooville relates to registered property but in the unlikely event that your home is unregistered it is more problematic but is resolvable.
Just had an offer accepted on a new build flat in Waterlooville. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Waterlooville
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Waterlooville I like with amenity areas and transport links in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Waterlooville in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Taking into account that I am about to part with hundreds of thousands of pounds on a terraced house in Waterlooville I wish to have a conversation with the lawyer concerning thehouse move before appointing the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be doing your conveyancing in Waterlooville.There is no ‘factory style conveyancing’ - each client is an important individual, not a file number. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Waterlooville should be the figure that you are charged.
I am thinking of appointing a conveyancing solicitor in Waterlooville for my house move. Can I check a solicitor's complaints history with the profession’s regulator?
Members of the public can read documented Solicitor Regulator Association (SRA) decisions stemming from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA could monitor telephone calls for training purposes.
Can you offer any advice when it comes to finding a Waterlooville conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Waterlooville conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with two or three firms including non Waterlooville conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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What are the costs for lease extension work?
Leasehold Conveyancing in Waterlooville - A selection of Queries before buying
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It is important to be aware whether window replacement or some other significant cost is pending to be shared between the leasehold owners and will dramatically impact the level of the service fees or result in a specific invoice. Where a Waterlooville lease has less than 80 years it will have adverse implications on the marketability of the property. Check with your bank that they are content with the length of the lease. A short lease means that you will almost definitely need a lease extension sooner rather than later and you need to have some idea of how much this would cost. Remember, in most cases you would need to own the residence for a couple of years before you are eligible to extend the lease.