Why do I have to pay up front for my conveyancing in Totland?
Where you are retaining lawyers for conveyancing in Totland your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. Normally this is requested to cover the fees of the Local Authority Search. If any deposit is as part of the total price then this should be asked for shortly ahead of exchange of contracts. The final balance that is due should be sent to your lawyer a couple of days ahead of the day of completion.
I used Stirling Law a few years past for my conveyancing in Totland. I now require my papers but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Totland of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £235,500 and found one close by in Totland I like with open areas and railway links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Totland for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I was advised by a few selling agents in Totland to locate a solicitor using your seach tool. Is there a financial incentive for Estate Agents to recommend your lawyers rather than a competitor’s?
We refuse to give any commission for directing people in our direction. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am in need of some leasehold conveyancing in Totland. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and most are in Totland - then the leasehold title will always include the basic details 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.
I purchased a split level flat in Totland, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable flats in Totland with an extended lease are worth £211,000. The ground rent is £45 levied per year. The lease ceases on 21st October 2088
With just 67 years left to run the likely cost is going to span between £10,500 and £12,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.
My mother and father cant seem to find their Totland land registry title on the site. They recall that 48 years ago when they bought the property there were complications regarding the post code not being identified on some systems.
The vast majority of properties in Totland should show up. Have you endevoured to search with just the postcode. Usually it will reveal all the premises inside the postcode. Where registered it will show up with a title number. Where they bought back in the 60’s it's conceivable it may be unrecorded. The address might still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title papers which could be with your parent’s bank.