My wife and I have a 4 bedroom Victorian house in Torpoint. Conveyancing practitioner represented me and Accord Mortgages Ltd. 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 under the exact same address. Is it worth asking Accord Mortgages Ltd to clarify?
You should read 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 Torpoint and other locations in 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 buyers. You can also enquire as to the position with your conveyancing practitioner who completed the work.
How does conveyancing in Torpoint differ for new build properties?
Most buyers of new build premises in Torpoint approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Torpoint typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Torpoint or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Torpoint before retaining solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some banks will refuse to give a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Torpoint. Conveyancing will be smoother if you use a solicitor in Torpoint especially if they regularly deal with such properties in Torpoint.
Taking into account that I am about to part with hundreds of thousands of pounds on 3 bedroom house in Torpoint I wish to talk to a solicitor about myhouse move in advance of appointing the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you first talking to the lawyer who will be conducting your conveyancing in Torpoint.There is no ‘factory style conveyancing’ - every client is an important individual, not a file number. The law firms that we put you in touch with believe that the figure you are provided with for your conveyancing in Torpoint should be the amount on the final invoice that you end up paying.
I am in need of some leasehold conveyancing in Torpoint. Before diving in I want to be sure as to the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Torpoint - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Torpoint - A selection of Questions you should ask before Purchasing
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Many Torpoint leasehold flats will have a service charge for the upkeep of the block set on behalf of the freeholder. Where you buy the flat you will have to meet this charge, usually periodically throughout the year. This can vary from a few hundred pounds to thousands of pounds for bigger purpose-built blocks. In all likelihood there will be a ground rent for you to pay yearly, normally this is not a significant figure, say about £25-£75 but you should to check as sometimes it could be many hundreds of pounds. Best to be warned if fixing the lift or some other major work is anticipated to be shared by the leasehold owners and may well dramatically increase the the service fees or require a one time invoice. Are any of leasehold owners in arrears of their service charge liability?
Is there a distinction between surveying and conveyancing in Torpoint?
Conveyancing - in Torpoint or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to fix the problems prior to you complete your move.