I am need of leasehold conveyancing for an apartment in a relatively new development (6 years old) in Leeds. 95% of the flats are already disposed of. Is it strictly necessary to order conveyancing searches for my conveyancing in Leeds?
You would be putting yourself at risk in refusing to carrying out Leeds 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 mortgage free there is no legal requirement to have them, but we would absolutely advise in the strongest possible terms that your conveyancer conducts them. If accelerating the process and expenses are primary issues you should consider with your conveyancer about the options such as contingency insurance available to you
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who handled the conveyancing in Leeds 4 years ago have long since closed. What are my options?
You no longer need to have the physical deeds to prove you own the land or property, as the Land Registry have everything they need in a digital format.
Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Leeds I like with open areas and station nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Leeds suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I need to instruct a conveyancing solicitor for my conveyancing in Leeds. I've stumble upon a web site which seems to have the perfect answer If it is possible to get all formalities done via email that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to finding a Leeds conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Leeds conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Leeds conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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If they are not ALEP accredited then what is the reason? Can they put you in touch with clients in Leeds who can give a testimonial?
I bought a ground floor flat in Leeds, conveyancing having been completed in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Leeds with over 90 years remaining are worth £206,000. The ground rent is £45 invoiced annually. The lease finishes on 21st October 2091
With only 66 years left to run we estimate the premium for your lease extension to be between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.
My intention is to acquire a ground floor maisonette in Leeds. Conveyancing lawyer has been awaiting, from the vendor, building insurance documents. Earlier today I was advised that the owner needs to send the insurance documents for the flat above also. Why does my conveyancer need to see the insurance for the flat above? Is it strictly required? We have been waiting for the previous month…
It is not unheard of in leasehold conveyancing in Leeds to find Conveyancing in Leeds in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the landlord insuring the complete building - which is clearly preferable. You should double check with your conveyancing practitioner but it would appear that your conveyancing practitioner is looking to verify that the whole building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be reinstated for lack of insurance cover.