Despite weeks of looking the Title Certificate and documents to my property can not be found. The solicitors who handled the conveyancing in Sketty 4 years ago are no longer around. Will I be able to sell the house?
As long as the title is registered the details of your proprietorship will be recorded by the Land Registry under a Title Number. It is possible to carry out a search at the Land Registry, identify your property and get up to date copies of the Registered Entries for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases hold a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
How does conveyancing in Sketty differ for new build properties?
Most buyers of new build premises in Sketty come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Sketty tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sketty or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Sketty is where the house is located. What do you suggest?
Flying freeholds in Sketty are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sketty you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sketty 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.
I am looking into buying my first house which is in Sketty and I am already nervous. I couldn't find anything specific about Sketty. Conveyancing will be needed in due course but do you know about the Sketty area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sketty. In the meantime here are some basic statistics that we found
What are your top tips when it comes to finding a Sketty conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Sketty conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Sketty conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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How many lease extensions have they carried out in Sketty in the last 12 months?
I inherited a garden flat in Sketty, conveyancing having been completed 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Sketty with over 90 years remaining are worth £197,000. The ground rent is £55 charged once a year. The lease terminates on 21st October 2081
With just 56 years unexpired we estimate the price of your lease extension to span between £29,500 and £34,000 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.