I am helping my niece sell her property in Bow Street. Will the conveyancer order the energy assessment or it is for the owner to see to?
Following the demise of Home Information Packs, EPC’s was retained a required element of selling a property. An EPC should be to hand prior to the property being marketed. This is not as aspect of the sale process that solicitors ordinarily organise. If you are using a Bow Street conveyancing lawyer they might help arrange energy assessments given their relationships with long established local energy assessors
We are due to move house in December. Should my conveyancing solicitor update the removal company on the completion day. As an aside, can you recommend a removal company in Bow Street. Conveyancing lawyer was organised before I stumbled across your page.
On the day of completion you will need to pick up the house keys from the selling agent but this can only be done after the vendors lawyers confirm to the agent that they have the completion monies and the keys can be released. After that you can advise the removal company that they can start moving you in. We do not suggest a specific removal company but can help you choose a residential property solicitor in Bow Street or a solicitor with expertise in conveyancing in Bow Street.
The formalities of my purchase has taken place for my property in Bow Street. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
4 months have elapsed following my purchase conveyancing in Bow Street took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Bow Street differ for newly converted properties?
Most buyers of new build property in Bow Street come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because developers in Bow Street usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bow Street or who has acted in the same development.
My step-father has suggested that I appoint his conveyancers in Bow Street. Do I take his guidance?
There are no two ways about it it’s preferable to choose a conveyancing solicitor is to seek referrals from friends or relatives who have actually used the firm that you are considering.
I am attracted to a couple of flats in Bow Street which have about 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Bow Street. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the value of the lease decreases and results in it becoming more expensive to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this field.
Leasehold Conveyancing in Bow Street - A selection of Questions you should consider before Purchasing
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How long is the Lease? You should want to discover as much as you can about the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to practical issues like the cleanliness of the communal areas. Ask other tenants what they think of their service. On a final note, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and precisely what you get for your money. Best to be warned if changing the roof or some other significant cost is pending that will be shared between the leasehold owners and will materially increase the the service charges or necessitate a one time payment.
I am not able to get to my Bow Street conveyancing solicitors office to sign documents for conveyancing in Bow Street – will this be problematic?
Not a problem. Bow Street conveyancing solicitors can handle home moves for clients from a distance. You are unlikely to be required to visit a Bow Street conveyancers office. Almost all solicitor can undertake everything remotely from their Bow Street premises.