It is is a decade since I acquired my property in Stokenchurch. Conveyancing lawyers have just been retained on the sale but I am unable to find the deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be with your lender or they may be in the possession of the lawyers who handled your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Stokenchurch relates to registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.
I have been told that property searches are the main reason for delay in Stokenchurch conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in Stokenchurch.
I have recentlybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Stokenchurch for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stokenchurch conveyancing specialists.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Stokenchurch I like with amenity areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Stokenchurch in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Due to exchange soon on a garden flat in Stokenchurch. Conveyancing solicitors have said that they are sending me a report next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Stokenchurch should include some of the following:
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Details of the parties to the lease, for instance these could be the leaseholder, superior lessor, freeholder You would want to receive a copy of the lease The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Whether the lease restricts you from letting out the flat, or working from home
I am the registered owner of a 2 bed flat in Stokenchurch, conveyancing was carried out June 1999. How much will my lease extension cost? Equivalent flats in Stokenchurch with over 90 years remaining are worth £255,000. The ground rent is £45 per annum. The lease terminates on 21st October 2099
With just 73 years left to run we estimate the price of your lease extension to range between £8,600 and £9,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
My mum and dad are experiencing problems in finding their Stokenchurch property on the HMLR online search facility. They recall that back in the 60’s when they purchased the bungalow there were complications concerning the post code not being identified on some systems.
Almost all premises in Stokenchurch should appear. Have you attempted a search with simply the postcode. Usually it should identify all the properties within the postcode. Where recorded it will show up with a title number. Where they bought sixty years ago it's conceivable it may be unregistered. The address could still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title documentation which could be with your parent’s lender.