My wife and I have lately bought a property in Welwyn Garden City. We have noticed several issues with the house which we believe were omitted in the conveyancing searches. Do we have any recourse? What searches should? have been carried out as part of conveyancing in Welwyn Garden City?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Welwyn Garden City. Conveyancing searches and investigations undertaken during the buying process are designed to help avoid problems. As part of the process, a seller fills in a form referred to as a Seller’s Property Information Form. If the information proves to be incorrect, then you may have a claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Welwyn Garden City.
We are intent on selling our home in Welwyn Garden City and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the buyers used a national conveyancing firm as opposed to a conveyancing solicitor in Welwyn Garden City. We have lived in Welwyn Garden City for three years we know of no issue. Should we contact our local Authority to seek confirmation need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should check with 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 life insurance to cover that same ailment)
I have recentlybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Welwyn Garden City for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Welwyn Garden City conveyancing specialists.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Welwyn Garden City I like with amenity areas and railway links in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Welwyn Garden City in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
My business partner and I are planning to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering no-sale-no costs for commercial conveyancing in Welwyn Garden City for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Welwyn Garden City, including the disposal and acquisition of businesses as well as simply property. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. As for the fees these will vary based on the structure and terms of the proposed transaction. Please provide us with your details or email us so that we may furnish you with comprehensive commercial conveyancing calculation.
Are there frequently found deficiencies that you come across in leases for Welwyn Garden City properties?
There is nothing unique about leasehold conveyancing in Welwyn Garden City. Most leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are erroneous. For example, if your lease is missing any of the following, it could be defective:
-
A duty to insure the building
You may encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Skipton Building Society, and Aldermore all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.
I am the registered owner of a split level flat in Welwyn Garden City, conveyancing formalities finalised in 1997. Can you work out an approximate cost of a lease extension? Equivalent properties in Welwyn Garden City with an extended lease are worth £216,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2094
With just 69 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should 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.