It is 10 years ago since I acquired my property in Bedwas. Conveyancing lawyers have recently been instructed on the sale but I can't track down my deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a possibility that the deeds will be retained by your mortgage company or they could be in the possession of the solicitor who handled your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Bedwas relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Bedwas I like with a park and transport links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Bedwas in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could 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 solicitor about this.
Given that I am about to spend 450k on a house in Bedwas I would like to have a conversation with the conveyancer about mytransaction ahead of appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be conducting your property ownership legalities in Bedwas.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Bedwas should be the amount on the final invoice that you end up paying.
In searching the internet for the phrase conveyancing in Bedwas it reveals numerous solicitorslocally. How do I determine which is the right solicitor for me?
The ideal way of seeking the right conveyancer is through a personal referral, so seek the counsel of friends and family who have bought a property in Bedwas or the respected estate agent or financial adviser. Charges for conveyancing in Bedwas vary, so it's a good idea to request a minimum of three quotes from different conveyancers. Be sure to secure confirmation that the fees are fixed.
My wife and I purchased a leasehold flat in Bedwas. Conveyancing and Barclays Direct mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Bedwas who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Bedwas conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 1st floor flat in Bedwas, conveyancing having been completed in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Bedwas with an extended lease are worth £186,000. The ground rent is £55 invoiced annually. The lease ceases on 21st October 2074
With 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
It's been quite a while since I've bought a house. Searching on the web suggests that the charges range significantly. Please can you suggest a trustworthy Bedwas conveyancer that can act for me as well as represent Skipton?
LenderPanel.com is limited to being a directory service for property lawyers who wish to be listed as being on the approved conveyancing panel for Skipton in certain areas for example Bedwas . We dont recommend any specific solicitor.