I am need of leasehold conveyancing for a flat in a relatively new development (seven years built) in Cross Hands. Almost all the flats have already been occupied. Do I need carry out the conveyancing searches for my conveyancing in Cross Hands?
You would be taking a significant risk in not carrying out Cross Hands conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that you have them. If timings and expenses are top of your issues you should discuss with your conveyancer about the option of search insurance
I am purchasing a terraced house in Cross Hands. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Cross Hands you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Cross Hands.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Cross Hands?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Cross Hands. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Cross Hands is the location of the property. Is there any guidance you can impart?
Flying freeholds in Cross Hands are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cross Hands you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cross Hands may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How do I locate a Cross Hands law firm on the Nationwide Building Society conveyancing panel? I have a car and am willing to travel upto 10miles to meet the lawyer.
Feel free to make use of the tool on this page. Please choose the mortgage company and your location and you will see a number of Cross Hands conveyancing lawyers locally. We have detailed some Cross Hands conveyancing firms at the bottom of this page and you can call them to check whether they are on the Nationwide Building Society approved list
I own a leasehold flat in Cross Hands. Conveyancing and Yorkshire Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Cross Hands who previously acted has long since retired. What should I do?
First contact HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Cross Hands conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a split level flat in Cross Hands, conveyancing having been completed in 2002. How much will my lease extension cost? Equivalent properties in Cross Hands with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease runs out on 21st October 2090
With 69 years left to run the likely cost is going to span between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.