I purchased a terraced Edwardian house in Marks Gate. Conveyancing solicitor represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Marks Gate and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing solicitor who carried out the work.
I am buying a new build apartment in Marks Gate. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Marks Gate
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Are there any apps to assist me to search for a Marks Gate solicitor on the Virgin Money conveyancing panel? I drive a motor bike and am willing to travel upto 25miles to meet the lawyer.
Feel free to make use of the search on this website. Please choose the mortgage company and your location and you will see a number of Marks Gate conveyancing lawyers locally. We have listed some Marks Gate conveyancing firms towards the end of this page and you can ring them to check if they are on the Virgin Money approved list
I need to instruct a conveyancing solicitor for sale conveyancing in Marks Gate. I've discover a site which looks to be the ideal solution If there is a chance to get all this stuff done via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Marks Gate conveyancing firm to represent me?
Absolutely. We can put you in touch with a Marks Gate conveyancing firm who can help.
An example of a Lease Extension decision for a Marks Gate flat is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 61.36 years.
Are there frequently found defects that you witness in leases for Marks Gate properties?
There is nothing unique about leasehold conveyancing in Marks Gate. All leases are unique and drafting errors can sometimes mean that certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:
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Insurance obligations Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Bank of Scotland, and TSB all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.
Online research suggests that Marks Gate solicitors are more expensive than licensed conveyancers in Marks Gate to use when purchasing a property. Am I better off using a conveyancer or a solicitor where I am buying a house in Marks Gate.
When it comes to conveyancing in Marks Gate the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.