My partner and I have recently purchased a property in Beaufort. We have since encountered a number of issues with the house which we consider were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that should have been carried out for conveyancing in Beaufort?
The query is not clear as what problems have arisen and if they are relate to conveyancing in Beaufort. Conveyancing searches and investigations initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor completes a form known as a SPIF. If the information provided is inaccurate, you could possibly take legal action 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 Beaufort.
Completed the sale of my flat in Beaufort last May but our buyer keeps calling every few hours complaining that her lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your conveyancer is obliged to forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer must also evidence that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There is unlikely to be post completion steps unique to conveyancing in Beaufort.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Beaufort I like with amenity areas and station nearby, however it's only got 52 years on the lease. There is not much else in Beaufort in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can 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 term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
Hoping to buy a property located in Beaufort and I am already nervous. I couldn't find anything specific about Beaufort. Conveyancing will be needed in due course but do you know about the Beaufort area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Beaufort. In the meantime here are some basic statistics that we found
I work for a busy estate agency in Beaufort where we have witnessed a number of flat sales put at risk due to short leases. I have received conflicting advice from local Beaufort conveyancing solicitors. Can you clarify whether the owner of a flat can start the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a 1st floor flat in Beaufort, conveyancing having been completed in 2011. Can you work out an approximate cost of a lease extension? Comparable properties in Beaufort with a long lease are worth £165,000. The ground rent is £50 per annum. The lease runs out on 21st October 2100
With only 77 years left to run the likely cost is going to be between £7,600 and £8,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
We are in the process of acquiring a flat in Beaufort. Conveyancing is not over but we would like keep the amount we are are purchasing for confidential from sites such as Nestoria. How could this be achieved ?
HM Land Registry as a matter of law obliged to specify price sold data on a register of the title for domestic properties nationwide including homes in Beaufort. The register of title is an open document, so the Land Registry would be breaking the law excluded specific properties such as your one in Beaufort.
You can make a request of the Land Registry to hide the amount paid data but the answer would be in the negative.