I am purchasing a house and the lawyer has raised the issue of Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in Lincoln
Unless a previous acquisition of the house completed after 12 October 2013 you could assume that conveyancing practitioners handling conveyancing in Lincoln to remain recommending a chancel search and or chancel repair liability insurance.
Me and my brother have a semi-detached Victorian house in Lincoln. Conveyancing lawyer represented me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same property. Is it worth asking Barclays Direct to clarify?
You should read the Freehold register you have again and check the Charges Register for 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 Lincoln and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who completed the work.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Lincoln is the location of the property. What do you suggest?
Flying freeholds in Lincoln are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lincoln you would need to get your solicitor to go 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 Lincoln 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 premises.
I am using a search engine for the phrase on line conveyancing in Lincoln it brings up many solicitorsin the vicinity. How do I determine which is the suitable property lawyer for purchase transaction?
The ideal way of choosing a suitable conveyancer is via personal testimonial, so seek the opinion of friends and family who have acquired a property in Lincoln or the reputable estate agent or mortgage broker. Costs for conveyancing in Lincoln vary, so it's advisable to request at least four fee estimates from different conveyancers. Be sure to secure confirmation that the fees are fixed.
In relation to leasehold conveyancing in Lincoln what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Lincoln. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are wrong. The following missing provisions could result in a defective lease:
A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage
You could have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Skipton Building Society, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.
I own a ground floor flat in Lincoln, conveyancing having been completed December 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Lincoln with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2075
With 55 years remaining on your lease we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure 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 comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. 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. Please do not take any other action placing reliance on this information before getting professional advice.
My partner and I are searching for an affordable conveyancing solicitor in Lincoln to help me sell my flat. I want to avoid being ripped off but with so many Lincoln conveyancing solicitors to choose from...who do I opt for?
A trustworthy personal recommendation from a friend or family member who has used a conveyancing lawyer before is no doubt a best. You are bound to know someone who has used a conveyancing solicitor in the past. Do utilise our comparison tool for Lincoln conveyancing quotes