It is 10 years ago since I purchased my property in Littleport. Conveyancing lawyers have now been appointed on the sale but I am unable to find my title documents. Will this cause complications?
You need not be too concerned. First there is a possibility that the deeds will be with the mortgage company or they could stored with the conveyancers who acted in your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Littleport involves registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
It has been three months since my purchase conveyancing in Littleport took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking into buying my first house which is in Littleport and I am already nervous. I couldn't find anything specific about Littleport. Conveyancing will be needed in due course but do you know about the Littleport area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Littleport. In the meantime here are some basic statistics that we found
I am using a search engine for the term on line conveyancing in Littleport it reveals many solicitorslocally. With so much choice what is the best way to find the right property lawyer for the sale of my house?
The best method of finding the right conveyancer is via personal recommendation, so enquire of colleagues and those you trust who have purchased a property in Littleport or a respected estate agent or financial adviser. Costs for conveyancing in Littleport vary, so it's advisable to request a minimum of four costs illustrations from different solicitors. Be sure to obtain confirmation that the costs are assured not to to be inflated.
I've recently bought a leasehold flat in Littleport. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a 1 bedroom flat in Littleport, conveyancing having been completed in 2001. How much will my lease extension cost? Comparable properties in Littleport with a long lease are worth £181,000. The ground rent is £55 charged once a year. The lease ends on 21st October 2076
With 51 years unexpired we estimate the price of your lease extension to span between £30,400 and £35,200 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.