I am due to complete buying a property in Ledbury but as a consequence of damage from the recent storms I have managed to agree reparation from the owner in the sum of £3k in the form of a deduction in the price. I had intended this to be dealt with as part of a side agreement however UBS will not permit this. Should they have been informed?
The conveyancer being on a UBS conveyancing panel is required to inform UBS of any changes to the sale price. If you were to refuse your solicitor to notify the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new solicitor for your conveyancing in Ledbury.
My partner and I are downsizing from our home in Ledbury and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Ledbury lawyer would know this is not the case. For the life of me I don't know why the purchasers used an online conveyancing firm as opposed to a conveyancing solicitor in Ledbury. We have lived in Ledbury for six years we know of no issue. Should we contact our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who handled the conveyancing in Ledbury 5 years ago have long since closed. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your lawyer should be aware exactly where to locate all the appropriate paperwork so you may purchase or sell your house without any difficulty. Where copies are not available, your solicitor can put in place insurance or indemnities against possible claims on the premises.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Ledbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ledbury are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ledbury you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ledbury may determine 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 residence.
I am looking into buying my first house which is in Ledbury and I am already nervous. I couldn't find anything specific about Ledbury. Conveyancing will be needed in due course but do you know about the Ledbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ledbury. In the meantime here are some basic statistics that we found
I've recently bought a leasehold house in Ledbury. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a 2 bed flat in Ledbury, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Ledbury with a long lease are worth £192,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease comes to an end on 21st October 2075
You have 54 years remaining on your lease we estimate the premium for your lease extension to be between £32,300 and £37,400 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues 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.