Last October we completed a house move in Torrington. We have noticed several issues with the house which we believe were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been carried out as part of conveyancing in Torrington?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Torrington. Conveyancing searches and due diligence undertaken as part of the buying process are supposed to help avoid problems. As part of the legal transfer of property, a property owner completes a document referred to as a Seller’s Property Information Form. If the information proves to be misleading, you could possibly take legal action against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Torrington.
My wife and I purchased a renovated Georgian house in Torrington. Conveyancing lawyer acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to assess 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 Torrington and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who carried out the work.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Torrington is where the house is located. What do you suggest?
Flying freeholds in Torrington are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Torrington you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Torrington 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 residence.
Do I need to be wary by brokers that I am dealing with are encouraging me to use a factory type conveyancing firm rather than a High Street Torrington conveyancing company?
As with many professional services, often referrals from relatives can be extremely useful or valuable. Yet there are numerous players in a conveyancing matter; estate agents, financial adviser and banks might all suggest conveyancers to choose. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes financial incentive behind the endorsement. You are at liberty to select your preferred conveyancer. Don't forget that most mortgage providers have an approved list of conveyancers you must use for the lender aspect of your home move.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Torrington. I happened to discover a web site which looks to be the ideal answer If there is a chance to get all formalities done via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have 62 years remaining on my flat in Torrington. I now wish to extend my lease but my landlord is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have made all reasonable attempts to find the landlord. For most situations an enquiry agent may be useful to conduct investigations and to produce a report to be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s absence and the vesting order request to the County Court overseeing Torrington.
I inherited a 1 bedroom flat in Torrington, conveyancing having been completed April 2003. How much will my lease extension cost? Comparable flats in Torrington with an extended lease are worth £179,000. The ground rent is £65 charged once a year. The lease terminates on 21st October 2083
With only 57 years remaining on your lease we estimate the price of your lease extension to be between £26,600 and £30,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.