It is is a decade since I bought my home in Lincolnshire. Conveyancing solicitors have recently been retained on the sale but I am unable to locate my deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a chance that the deeds will be retained by your mortgage company or they may be archived with the lawyers who oversaw the purchase. Secondly in all probability the property will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Nearly all conveyancing in Lincolnshire involves registered property but in the rare situation where your home is unregistered it is more problematic but is not insurmountable.
My relative advised me that if I am buying in Lincolnshire I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Lincolnshire conveyancing searches. It is not a small document of more than thirty pages, listing and detailing significant information about Lincolnshire around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Lincolnshire Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Lincolnshire.
I am looking for a leasehold apartment up to £245,000 and found one close by in Lincolnshire I like with open areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Lincolnshire suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
In surfing the web for the words cheap conveyancing in Lincolnshire it shows results of numerous conveyancerslocally. With so much choice what is the best way to find the right conveyancing solicitor for me?
The preferential way of choosing a suitable conveyancer is via personal referral, so ask friends and family who have bought a property in Lincolnshire or a reputable estate agent or financial adviser. Fees for conveyancing in Lincolnshire vary, so it's a good idea to obtain a minimum of three quotes from varying types of property lawyers. Make sure that you know that the charges are assured not to escalate.
There are only 72 years remaining on my flat in Lincolnshire. I now want to extend my lease but my landlord is can not be found. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to find the lessor. In some cases an enquiry agent may be helpful to conduct investigations and prepare an expert document which can be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on devolving into the landlord’s disappearance and the application to the County Court covering Lincolnshire.
I own a ground floor flat in Lincolnshire, conveyancing having been completed in 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Lincolnshire with an extended lease are worth £206,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2091
With only 66 years remaining on your lease we estimate the price of your lease extension to range between £12,400 and £14,200 as well as 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. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.
My brother-in-law has suggested I instruct a conveyancing solicitor in Lincolnshire. I need to find out if they are on the bank's approved list of lawyers. Can you assist?
It’s a good idea contact your conveyancer and ask them if they are on the bank's panel. Alternatively please call us and we can investigate and revert. If they are not on the conveyancing panel we can certainly arrange a reputable conveyancing solicitor in Lincolnshire on the approved list for your mortgage company.