It is a dozen years since I bought my property in Westbourne. Conveyancing solicitors have now been appointed on the sale but I am unable to track down the title documents. Is this a problem?
Don’t worry too much. First the deeds may be retained by the lender or they may stored with the lawyers who acted in the purchase. Secondly the chances are that the title will be recorded 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. Nearly all conveyancing in Westbourne involves registered property but in the unlikely event that your property is not registered it is more problematic but is resolvable.
Are the BSA intent on creating a online directory to list firms on the Loughborough BS conveyancing panel for example in Westbourne?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
4 months have gone by since my purchase conveyancing in Westbourne concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Westbourne. 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.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Westbourne
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Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one close by in Westbourne I like with open areas and station nearby, the downside is that it's only got 52 years on the lease. I can't really find anything else in Westbourne in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage that many years will be an issue. Discount the price by the anticipated 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 and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
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At this site obtain an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Westbourne. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you select them for your property ownership legalities in Westbourne