It is 10 years ago since I acquired my home in Ewloe. Conveyancing lawyers have recently been retained on the sale but I can't track down the deeds. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be retained by the lender or they could be in the possession of the solicitor who handled your 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 up to date copy of the land registers. Almost all conveyancing in Ewloe relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I have a renovated Victorian property in Ewloe. Conveyancing practitioner acted for me and Barclays . I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Ewloe and other areas of 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 purchasers. You can also check the situation with the conveyancing solicitor who conducted the conveyancing.
I have been on the look out for a ground for flat up to £235,500 and found one near me in Ewloe I like with open areas and station in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Ewloe suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
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Estate agents have just been given the go-ahead to market my basement apartment in Ewloe. Conveyancing is yet to be initiated, but I have just had a yearly service charge invoice – Do I pay up?
The sensible thing to do is clear the maintenance contribution as you normally would as all ground rent and service payments should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a leasehold flat in Ewloe, conveyancing was carried out February 2002. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Ewloe with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ceases on 21st October 2086
With just 62 years unexpired the likely cost is going to be between £17,100 and £19,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range 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 detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.