My IFA says he needs my Great Barford solicitor’s panel member for the Nationwide conveyancing panel. How do I find this out. I have tried my local Great Barford branch but they have not responded to me.
The sensible thing to do is ask for this information from your Great Barford conveyancing practitioner . They maintain a central record lender panel numbers.
My partner and I have lately purchased a house in Great Barford. We have noticed several issues with the property which we believe were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out for conveyancing in Great Barford?
The question is not clear as to the nature of the problems and if they are specific to conveyancing in Great Barford. Conveyancing searches and investigations undertaken as part of the buying process are designed to help avoid problems. As part of the process, the vendor answers a document called a SPIF. If the information is inaccurate, then you may have a claim against the owner 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 Great Barford.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Great Barford is the location of the property. Can you offer any advice?
Flying freeholds in Great Barford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Great Barford you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Barford may decide 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 premises.
Having had my offer accepted I require leasehold conveyancing in Great Barford. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and almost all are in Great Barford - 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 purchased a 1st floor flat in Great Barford, conveyancing having been completed 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Great Barford with an extended lease are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease ceases on 21st October 2096
With 71 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide 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 other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
What type of property do your Great Barford conveyancing estimates relate to?
Our conveyancing quotes are only relevant to standard residential premises in England & Wales. Where you have any different needs for instance industrial or agricultural land or commercial conveyancing in Great Barford do telephone us to consider this further .