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Conveyancing clients often get confused when they are interested in buying a flat which has a 'share of freehold'. The 'share of freehold' aspect is usually marketed heavily by the estate agents especially in London. The confusion sometimes comes from the fact that 'freehold flats' are generally not considered good security for lenders and, save in specific parts of the country, are unusual. A 'share of freehold' is sold with the leasehold flat - the leasehold interest is retained and is still the most valuable part but you also aquire a separate shared title or ownership in the freehold.
Customer care, professional standards and excellent client service are all hallmarks of The Law Society’s Conveyancing Quality Scheme (CQS). The residential property department at kenneth elliott + rowe has been officially recognised as a member of the scheme.
Probate Sale? Selling a probate property? Acting as an executor in a sale? Want to know if you can sell before probate is granted? Selling a jointly owned property when one owner has died? What are the legal fees on a probate sale? We can help to guide you through the steps required. Do you need Probate to sell your property? The first question to ask is do you actually need to go to the expense of obtaining probate. If a loved one has died and a surviving husband, wife or partner wants to sell the property a simple check on the title deeds can usually identify what documents or additional steps are needed to sell the property. If the property is in joint names and one of the owners is still alive then invariably the property can be sold without the Grant of Probate.
If you are removing a name from the title deeds and/or adding a new name this is commonly referred to as a transfer of equity. We provide a fixed cost conveyancing quote for a change of ownership provided this is agreed with your co-owner. Our fees and disbursements for dealing with the matter (which include acting for your mortgage company and dealing with the stamp duty land tax forms required) are as follows:
After a few recent cases on Tenancy Deposits favouring landlords the initial warnings about failing to comply with the legislation have dropped off the radar for many residential buy to let Landlords. A recent case of Ayannuga v Swindells (2012) is seen by many as a wake up call. This Court of Appeal decision dealt with the issue of 'prescribed information' (i.e. the information the Landlord must give the tenant within 30 days of taking the deposit - see checklist below).
What is the cost of completing an ID 1 Form? Looking for a solicitor who deals with Land Registry ID1 forms? We can help. The open nature of the electronic deeds system introduced by the Land Registry some years ago means that 'paper' deeds were scrapped overnight for registered land. Before that time you needed the original Land or Charge Certificate to prove ownership but now anyone can lodge an application to change the names on the title with a simple form. This lead to abuse of the system by fraudsters. Significant tightening up followed and now if a person is not represented by a solicitor or licenced conveyancer in relation to the transfer or mortgage of land the Land Registry requires that person’s identity must be checked to help prevent property fraud.
Buying and Selling your Home The sale and/or purchase of property tend to go hand in hand but it is always worth considering even before the property is on the market what to do if you get that offer and what steps need to be taken to successfully proceed to completion. This article is equally applicable to the first time buyer as it is to the experienced home mover. As in many areas, preparation is the key to success.
If you are considering buying to let special considerations apply to your purchase and additional legal responsibilities will be placed upon you as a Landlord. Whilst this is not an extensive list the following are some of the key factors you will need to consider:
From 1 January 2013, new Gas Safety guidance has been brought in to deal with 'hidden' flues. Basically if you let your property and your boiler is not connected to an outside wall you may be affected by these changes. Flats and apartments are mainly affected by this change but sometimes freehold properties with extensions contain hidden flues that run through voids in buildings. In any case these have been found to leak and can cause carbon monoxide to be released into the property.
Moving home? First time buyer? Selling a probate property? Downsizing? Whatever your circumstances we can help if you need an instant on line conveyancing quote. You can now obtain a written quotation instantly and instruct us on line 24/7. By using our new quote site www.convey-quote.co.uk you can confirm the fees and disbursements including stamp duty applicable to your new sale or purchase. There is no need to login or provide personal details so you can use this as an accurate guide to the costs of moving. If you are trying to compare quotes - especially those recommended by financial advisers and estate agents this is a great way to weigh up your options.