It has come to my attention via my mortgage broker that my Quedgeley property lawyer is not on the lender Conveyancing panel. How can I check?
The best course of action for you to take is to contact your Quedgeley lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
It has been four months since my purchase conveyancing in Quedgeley concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build flat in Quedgeley. Conveyancing is daunting 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Quedgeley
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan.
I decided to have a survey completed on a house in Quedgeley prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks tend refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Quedgeley. Conveyancing will be smoother if you use a solicitor in Quedgeley especially if they are familiar with such properties in Quedgeley.
My wife and I purchased a leasehold flat in Quedgeley. Conveyancing and Britannia mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Quedgeley who previously acted has now retired. Any advice?
The first thing you should do is contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Quedgeley conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a ground floor flat in Quedgeley, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Quedgeley with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 per annum. The lease ends on 21st October 2086
With only 61 years left to run the likely cost is going to span between £19,000 and £22,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
We are looking to purchase a repression flat in Quedgeley and the vendor demand completion inside 28 days. Do conveyancing practitioners complete in this timeframe? Am I best advised to select a local Quedgeley firm or an online company that professes to offer speedy conveyancing?
Visit your Quedgeley shopping parade. Pop in to two or three companies and ask to talk to a conveyancing solicitor for an estimate. Explain your requirements and get a commitment on time frames. Appoint the one that appears most trustworthy. Make sure to choose a property lawyer on the list of lawyers approved by your mortgage company.