Finally the sale completed on my house in Belper last March but the buyer keeps whats apping every few hours to moan that her solicitor is waiting to hear from myconveyancer. What should have happened following completion?
Following your house sale your lawyer is committed to send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your solicitor must also confirm that the legal charge in favour of the lender has been repaid to the buyers lawyers. There is unlikely to be post completion tasks unique to conveyancing in Belper.
I am thinking of refinancing my property in Belper, does my lawyer need to be on the Virgin Money Conveyancing panel?
There is nothing to stop you using your solicitor, but Virgin Money will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I require quick conveyancing in Belper as I am faced with pressure to complete in less than 3 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Belper the following are instances of issues that can be revealed and therefore impact the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...
I have todaybecome aware that Stirling Law have closed. They conducted my conveyancing in Belper for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is in your name, 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.
I am looking for a flat up to £235,500 and identified one close by in Belper I like with open areas and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Belper suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I own a leasehold flat in Belper. Conveyancing and Leeds Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Belper who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Belper conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a 1 bedroom flat in Belper, conveyancing was carried out March 2005. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Belper with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ends on 21st October 2087
You have 62 years remaining on your lease we estimate the price of your lease extension to span between £17,100 and £19,800 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.