It is is a decade since I purchased my home in Lytchett Matravers. Conveyancing lawyers have now been appointed on the sale but I am unable to locate my title deeds. Is this a problem?
Don’t worry too much. Firstly the deeds may be retained by your lender or they may stored with the lawyers who handled the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Almost all conveyancing in Lytchett Matravers relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
Just acquired a semi-detached house in Lytchett Matravers , how long will it take for the Land Registry to register the transfer to my name? My Lytchett Matravers conveyancing solicitor works at snail pace, so I want to be certain that my ownership is recorded.
As far as conveyancing in Lytchett Matravers registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether there are errors and if the Land registry need to notify any interested persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Historically registration takes place after the buyer is living at the premises therefore an expedited registration is not always top priority but if there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one near me in Lytchett Matravers I like with open areas and transport links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Lytchett Matravers in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
As co-executor for the will of my father I am disposing of a property in Neath but live in Lytchett Matravers. My conveyancer (approximately 200 miles awayneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Lytchett Matravers to witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Lytchett Matravers based
I am a negotiator for a busy estate agency in Lytchett Matravers where we have witnessed a number of flat sales derailed as a result of leases having less than 80 years remaining. I have received conflicting advice from local Lytchett Matravers conveyancing solicitors. Can you confirm whether the seller of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a garden flat in Lytchett Matravers, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Lytchett Matravers with a long lease are worth £211,000. The ground rent is £45 per annum. The lease expires on 21st October 2093
With just 67 years unexpired we estimate the price of your lease extension to span between £10,500 and £12,000 plus professional fees.
The suggested premium range that we have given is 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 the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
Are all Lytchett Matravers legal practices on every lender conveyancing panel?
You can use our search tool or you can go into your high street bank branch in Lytchett Matravers. Chances are that they can recommend conveyancing solicitors in Lytchett Matravers