Me and my brother have a terraced Victorian property in Farnham Common. Conveyancing practitioner represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Farnham Common and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing practitioner who conducted the work.
The estate agent has sent us the confirmation of our purchase of a new build flat in Farnham Common. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Farnham Common
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
How easy is it to swap solicitor as I have to select one who is on the Norwich and Peterborough Building Society conveyancing panel. I hired a high street conveyancing solicitor in Farnham Common round the corner but the firm is not accepted by Norwich and Peterborough Building Society
We will our best to assist in finding you a conveyancing solicitor in Farnham Common on the Norwich and Peterborough Building Society panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Farnham Common. In utilising search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Farnham Common.
My husband and I are 18 days into a freehold purchase having been referred to conveyancers by the high street agent to handle our conveyancing in Farnham Common. I am not happy. Can you you assist me in finding new solicitors?
A lawyer would have to be very poor to suggest replacing them. Has the loan offer been sent? In the event that it has you must make them aware of the replacement conveyancer and get the loan are re-sent. Your new solicitor ideally should be on the lenders approved list to avoid supplemental costs and frustration. So that should be your starting point. Our search tool will help you find a lender approved lawyer for your home move in Farnham Common
I’m about to sell my garden flat in Farnham Common. Conveyancing has not commenced, however I have recently had a half-yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as you normally would as all ground rent and maintenance charges should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a basement flat in Farnham Common, conveyancing having been completed in 2010. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Farnham Common with over 90 years remaining are worth £180,000. The ground rent is £65 levied per year. The lease finishes on 21st October 2080
You have 58 years unexpired we estimate the premium for your lease extension to range between £22,800 and £26,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
My husband and I are acquiring a garden flat in Farnham Common. At the time of instructing our property lawyer, we were told they were on all mainstream bank panels. The financial adviser called just now to say that they don't appear to be on the Lloyds approved list. If it turns out to be true, what should we do? Should we simply choose a different conveyancer that is on their approved list or do we pay for dual representation, with Lloyds appointing their own approved property lawyer.
When purchasing a property with the benefit of a mortgage it is standard for the purchaser’s lawyers to also act for the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict conditions which the property lawyer has to satisfy. Some building societies now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should call Lloyds to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Lloyds's conveyancing panel as you are at liberty to use your preferred Farnham Common lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.