Why do I have to pay up front for my conveyancing in Taplow?
Where you are retaining lawyers for conveyancing in Taplow your lawyer will ask you to provide them with monies to cover the search fees. Ordinarily this is called for to cover the fees of the Local Authority Search. When the deposit is as part of the purchase price then this will be required immediately prior to exchange of contracts. The closing balance that is due should be sent to your lawyer a few days prior to the completion date.
I have a 4 bedroom Edwardian house in Taplow. Conveyancing lawyer acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the exact same property. 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 as there may be 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 Taplow and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing solicitor who conducted the purchase.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Taplow. 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 conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Taplow
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Taplow I like with a park and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Taplow in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. 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 at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I'm remortgaging my existing house to a buy to let loan with The Mortgage Works and intend to use the remaining equity as a deposit on a second property. The area we are looking at is Taplow. Will your lawyers be able to act for both sets of banks and tie in the transactions?
Do use our comparison tool on this site to be sure that the solicitors are on the relevant lender panels. Assuming that they are your conveyancer will be able to tie up the two conveyancing matters but you should talk with you solicitor and make apparent your desired outcome and requirements.
Am in the process of purchasing my first home in Taplow. Conveyancing lawyer has been instructed. The broker advised that a survey is not necessary as the house is just fifteen years old.
The bare minimum you need a Home Buyer's Report. Given the residence is more than ten years old the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report may be enough. The report should highlight any obvious issues and recommend additional investigation if relevant. Where there are any signs of problems obtain a full Building Survey from the beginning.