Can you explain why leasehold purchase conveyancing in Hawkhurst costs more?
Hawkhurst leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My grandfather passed away last year and as sole heir and executor I was left the property in Hawkhurst. The house had a relatively small loan left on it of around £5k. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Where you plan to refinance then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
What can a local search tell me concerning the property I am purchasing in Hawkhurst?
Hawkhurst conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance PSG The local search is essential in every Hawkhurst conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
The estate agent has sent us the confirmation of our purchase of a new build flat in Hawkhurst. Conveyancing is a frightening process 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Hawkhurst
-
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. 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. Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the encouragement of my in-laws I had a survey completed on a property in Hawkhurst ahead of appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders will not grant a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hawkhurst. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hawkhurst to see if the conveyancing will be more expensive.
Having checked my lease I have discovered that there are only 72 years remaining on my flat in Hawkhurst. I am keen to get lease extension but my freeholder is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to prove that you have made all reasonable attempts to locate the lessor. For most situations a specialist may be useful to conduct investigations and to produce an expert document to be used as evidence that the freeholder can not be located. It is wise to seek advice from a property lawyer both on investigating the landlord’s absence and the application to the County Court overseeing Hawkhurst.
I am the registered owner of a garden flat in Hawkhurst, conveyancing was carried out February 1998. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Hawkhurst with a long lease are worth £185,000. The ground rent is £65 invoiced annually. The lease finishes on 21st October 2081
With only 60 years remaining on your lease we estimate the premium for your lease extension to span between £20,000 and £23,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.