My partner and I have lately acquired a property in Kenilworth. We have since encountered a number of issues with the property which we believe were omitted in the conveyancing searches. Is there anything we can do? What searches should? have been carried out for conveyancing in Kenilworth?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Kenilworth. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a property owner completes a questionnaire known as a SPIF. If the information proves to be inaccurate, then you may have a claim against the seller 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 Kenilworth.
What is the best way to check that the solicitor carrying out my conveyancing in Kenilworth is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus paying £187.00 plus VAT in further conveyancing costs.
Feel free to take advantage of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type ‘Kenilworth’ or your location and you will see numerous conveyancers located in Kenilworth or nearest you.
I have recentlybeen informed that Wolstenholmes have been shut down. They conducted my conveyancing in Kenilworth for a purchase of a freehold house 12 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The quickest way to see if the premises is registered to you, 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 Kenilworth conveyancing specialists.
How does conveyancing in Kenilworth differ for new build properties?
Most buyers of new build property in Kenilworth come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Kenilworth tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kenilworth or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one round the corner in Kenilworth I like with open areas and station in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Kenilworth suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
What advice can you give us when it comes to finding a Kenilworth conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Kenilworth conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Kenilworth conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
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How experienced is the practice with lease extension legislation? If the firm is not ALEP accredited then what is the reason?
I am the registered owner of a 1st floor flat in Kenilworth, conveyancing formalities finalised in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Kenilworth with an extended lease are worth £179,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ceases on 21st October 2082
With only 57 years left to run we estimate the price of your lease extension to span between £26,600 and £30,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.