Having sold my house in Belper last May but our buyer keeps calling daily to say her lawyer is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Following your sale your solicitor is obliged to forward the transfer documentation and all additional paperwork to the purchaser's solicitors. If applicable, your conveyancer should also confirm that the home loan has been paid off to the purchasers solicitors. There are no post completion steps peculiar conveyancing in Belper.
I am thinking of refinancing my home in Belper, does my lawyer need to be on the Coventry BS Solicitor panel?
In theory, you could use a solicitor that is not on the Coventry BS conveyancing panel, but Coventry BS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I need some quick conveyancing in Belper as I have a deadline to sign on the dotted line inside one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not getting a mortgage you are at free not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Belper the following are instances of what can appear and therefore affect future mortgageability: Enforcement Actions, Overdue Fees, Overdue Grants, Unadopted Roads,...
I have justbeen informed that Action Conveyancing have closed. They carried out my conveyancing in Belper for a purchase of a freehold house 12 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Belper conveyancing specialists.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Belper I like with a park and transport links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Belper in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
My wife and I purchased a leasehold flat in Belper. Conveyancing and Clydesdale mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Belper who acted for me is not around. Any advice?
First contact HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to instruct a Belper conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a 1st floor flat in Belper, conveyancing having been completed March 2005. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Belper with a long lease are worth £190,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2087
With just 62 years unexpired we estimate the price of your lease extension to be between £17,100 and £19,800 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.