It is is a decade since I bought my house in Seaton Sluice. Conveyancing lawyers have recently been retained on the sale but I am unable to locate the title documents. Is this a problem?
You need not be too concerned. Firstly the deeds may be kept by your lender or they could be in the possession of the solicitor who oversaw the purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Seaton Sluice relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial premises in Seaton Sluice?
Its becoming the norm that commercial conveyancing solicitors in Seaton Sluice will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Seaton Sluice. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Seaton Sluice.
For each commercial conveyancing transaction in Seaton Sluice it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Seaton Sluice commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Seaton Sluice.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, no chain conveyancing. Seaton Sluice is where the house is located. Is there any advice you can give?
Flying freeholds in Seaton Sluice are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Seaton Sluice you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Seaton Sluice 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.
Having had my offer accepted I require leasehold conveyancing in Seaton Sluice. Before I set the wheels in motion I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and almost all are in Seaton Sluice - 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.
I bought a 1st floor flat in Seaton Sluice, conveyancing was carried out in 1997. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Seaton Sluice with a long lease are worth £176,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2076
You have 50 years remaining on your lease we estimate the premium for your lease extension to range between £31,400 and £36,200 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
What are the specific benefits to choosing a high street property lawyer in Seaton Sluice
Home movers in Seaton Sluice select a local property lawyer so that they can visit in the event that they have problems, and to sign mortgage deeds rather than run the risk of depending on the Royal Mail.
There is a distinct benefit when opting for a lawyer nearby to the house you are purchasing, due to the knowledge of the locality and potential local issues - yet this is debatable. Most conveyancers are now online and may be anywhere in the world.