I am need of leasehold conveyancing for an apartment in a relatively new development (five years old) in Chorleywood. Almost all the flats have already been occupied. Do I need carry out the local searches as part of conveyancing in Chorleywood?
If you getting a mortgage, your lender will need some (many) of the searches so you'll have no choice. If not, then Chorleywood conveyancing searches are for you to decide upon. No doubt your conveyancer, will 'advise', perhaps in the strongest possible terms, that you should have the searches done, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you demand that your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to swap to an alternative solicitor for your conveyancing in Chorleywood.
I have justfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Chorleywood for a purchase of a leasehold flat 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest method to see if the property is registered to you, 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 Chorleywood conveyancing specialists.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Chorleywood I like with open areas and station in the vicinity, however it's only got 49 years on the lease. There is not much else in Chorleywood suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.