The deeds to our property are lost. The conveyancers who handled the conveyancing in Machen 10 years ago have long since closed. What do I do?
Assuming the title is registered the information relating to your ownership will be evidenced by HMLR with a Title Number. It is possible to execute a search at the Land Registry, find your property and obtain up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a file copy of the Registered Lease and again, a copy can be ordered for a small fee.
How does conveyancing in Machen differ for new build properties?
Most buyers of new build residence in Machen contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Machen usually 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 conveyancing solicitors 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 Machen or who has acted in the same development.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Machen I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. There is not much else in Machen for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
Is there anything unique about your site and alternative web based conveyancing brokers for conveyancing in Machen?
At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Machen. Unlike many estate agents and many comparison sites we do not operate referral deals with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the highest commission, as opposed to the best value conveyancing in Machen
We are one month into a freehold purchase having been directed to solicitors by the selling agent to execute conveyancing in Machen. I am am extremely frustrated with the quality of service. Can you help me find new solicitors?
They would need to be really poor in order to consider diss instructing them. Has the mortgage been sent? If so you must make them aware of the new contact details and have the offer are issued to the new lawyers. The solicitor ideally needs to be on the lenders approved list to avoid added fees and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool will assist you in finding a lender approved conveyancer for your home move in Machen
Back In 2000, I bought a leasehold house in Machen. Conveyancing and Alliance & Leicester mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Machen who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Machen conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Machen Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
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Where a Machen lease has less than eighty years it will impact the salability of the flat. Check with your bank that they are happy with the length of the lease. Leases with fewer than 80 years remaining means that you will most likely require a lease extension at some point and it is worth discovering what this would cost. For most Machenlease extensions you will need to own the property for a couple of years in order to be entitled to extend the lease. Many Machen leasehold properties will have a service charge for maintenance of the block invoiced by the management company. Should you acquire the apartment you will have to pay this amount, normally in instalments during the year. This may vary from a few hundred pounds to thousands of pounds for large purpose-built buildings. In all probability there will be a ground rent to be met yearly, normally this is not a significant figure, say approximately £25-£75 but you should to check as sometimes it could be prohibitively expensive. Make sure you discover if there are any onerous prohibitions in the lease. For example it is fairly common in Machen leases that pets are not permitted in in a block in Machen. If you like the flatin Machen however your dog is not allowed to move with you then you will be faced hard choice.