Can you explain why leasehold purchase conveyancing in Shenfield costs more?
Shenfield leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Do I need to take out insurance to protect me from financial exposure to chancel repairs when acquiring a property in Shenfield?
Unless a previous purchase of the premises took place after 12 October 2013 you could take it that lawyers handling conveyancing in Shenfield to continue to suggest a chancel search and or insurance against a claim.
My wife and I have a semi-detached Edwardian property in Shenfield. Conveyancing lawyer acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to review 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shenfield and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing practitioner who conducted the conveyancing.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Shenfield is the location of the property. Can you offer any guidance?
Flying freeholds in Shenfield are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shenfield you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shenfield 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 property.
I'm remortgaging my existing property to a buy to let loan with Barclays and intend to use the remaining equity towards another house. The area we are talking about is Shenfield. Will your solicitors be able to act for the two banks and link together the transactions?
Do use our search tool on this page to ensure that the solicitors are approved by both lenders. Assuming that they are the solicitor should be able to tie up the two deals but you should have a chat with you conveyancer and make clear your expectations and requirements.
My folks are encountering difficulties in finding their Shenfield property on the HM Land Registry site. They recall that 50 years ago when they bought the property there were complications with the post code not being recognised in some systems.
Almost all premises in Shenfield should be revealed. Have you limited your search to simply the postcode. Normally it will disclose all the premises within that postcode. Assuming the property is registered it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be unregistered. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s lender.