Various internet forums that I have come across warn that are the primary cause of hinderance in Fishponds conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Fishponds.
The deeds to our property are lost. The solicitors who dealt with the conveyancing in Fishponds 10 years ago no longer exist. What are my options?
As long as you have a registered title the details of your proprietorship will be held by HMLR under a Title Number. It is possible to perform a search at the Land Registry, locate your property and order up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
Due to the guidance of my in-laws I had a survey completed on a property in Fishponds in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some lenders will refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fishponds. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for purchase conveyancing in Fishponds. I happened to discover a site which appears to be the ideal offering If it is possible to get all this stuff done via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My husband and I may need to let out our Fishponds garden flat temporarily due to a career opportunity. We instructed a Fishponds conveyancing practice in 2004 but they have closed and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?
The lease governs the relationship between the freeholder and you the leaseholder; in particular, it will set out if subletting is not allowed, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Fishponds do not prevent strict prohibition on subletting – such a provision would undoubtedly devalue the flat. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
I bought a 2 bed flat in Fishponds, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Fishponds with an extended lease are worth £197,000. The ground rent is £55 levied per year. The lease expires on 21st October 2081
You have 55 years unexpired the likely cost is going to be between £31,400 and £36,200 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.