Finally the sale completed on my house in Boscastle last June but the buyer keeps telephoning me to moan that his lawyer needs to hear from mylawyer. What should have happened now that I have sold?
Post completion of your disposal your lawyer is obliged to send the transfer documentation and all additional paperwork to the buyer’s conveyancer. If applicable, your lawyer should also evidence that the mortgage has been redeemed to the purchasers solicitors. There are no post completion requirements peculiar conveyancing in Boscastle.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Boscastle. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Boscastle
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Boscastle is the location of the property. Is there any advice you can give?
Flying freeholds in Boscastle 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 Boscastle you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Boscastle may ascertain 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'm converting the mortgage on my primary house to a BTL loan with Godiva Mortgages Ltd and intend to use the remaining equity as a deposit on another property. The location we are talking about is Boscastle. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our comparison tool on this site to check that the solicitors are on the appropriate lender panels. Having checked that they are your conveyancer should be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make clear your desired outcome and needs.
My cousin has suggested that I use his conveyancers in Boscastle. Do I follow his advice?
No doubt it’s preferable to select a conveyancing lawyer is to get guidance from friends or family who have actually used the solicitor you're are thinking of instructing.
I am looking at a couple of maisonettes in Boscastle both have in the region of forty five years left on the lease term. Do I need to be concerned?
There are plenty of short leases in Boscastle. The lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease reduces and it becomes more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you seek professional help from a solicitor and surveyor with experience in this arena.
I bought a studio flat in Boscastle, conveyancing was carried out in 1999. How much will my lease extension cost? Equivalent flats in Boscastle with a long lease are worth £191,000. The ground rent is £55 levied per year. The lease finishes on 21st October 2078
You have 53 years left to run the likely cost is going to span between £27,600 and £31,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues 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 before seeking the advice of a professional.