The deeds to my home are lost. The lawyers who handled the conveyancing in Lisvane 5 years ago are no longer around. What are my options?
Gone are the days when you need to hold title original deeds to establish that you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Lisvane differ for new build properties?
Most buyers of new build premises in Lisvane contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Lisvane tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Lisvane or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Lisvane is the location of the property. Is there any guidance you can give?
Flying freeholds in Lisvane are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lisvane you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lisvane 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 was recommended by numerous estate agents in Lisvane to get a quote from a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to offer your site over a competitor’s?
We don’t make any financial incentive for directing people our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I am intending to sublet my leasehold apartment in Lisvane. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
A small minority of properties in Lisvane do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I purchased a split level flat in Lisvane, conveyancing was carried out April 1995. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Lisvane with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2076
With just 54 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
There are numerous properties in Lisvane on unadopted lanes. I am buying such a house. Are there any advantages to buying a house on a private road?
Lisvane conveyancing firms will be used to conveyancing homeson private. Your solicitor will investigate title to identify any rights or responsibilities. It is possible that there is a residents association that residents make annual contributions for the upkeep of the road. If there is one, the road will likely be maintained and look nicer than council adopted.