Finally the sale completed on my house in Bournemouth last May yet the purchaser is texting every few hours to say his solicitor is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your lawyer is duty bound to forward the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Where relevant, your lawyer must also evidence that the home loan has been redeemed to the buyers solicitors. There are no post completion tasks just for conveyancing in Bournemouth.
I am purchasing a terraced house in Bournemouth. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Bournemouth you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Bournemouth.
I acquired my home on 14 March and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Bournemouth expressed confidence that it would be formalised in less than a month. Are titles in Bournemouth uniquely lengthy to register?
As far as conveyancing in Bournemouth registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any 3rd parties. As of today approximately 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration occurs after the buyer is living at the property so 'speed' is not typically primary concern but if there is a degree of urgency associated with the registration then you or your lawyers must contact the land registry and explain the circumstances.
I have been on the look out for a flat up to £305k and identified one close by in Bournemouth I like with a park and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Bournemouth suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan that many years will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
My company is intending to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Bournemouth for less than 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Bournemouth, including the disposal and purchase of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right solicitor. Regarding the costs these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or email us so that we may supply you with a fixed commercial conveyancing calculation.
I am in need of some leasehold conveyancing in Bournemouth. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is registered - and most are in Bournemouth - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a garden flat in Bournemouth, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Bournemouth with an extended lease are worth £195,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2087
You have 62 years left to run we estimate the premium for your lease extension to be between £17,100 and £19,800 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. 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 without first seeking the advice of a professional.