Having sold my house in Bury St Edmunds last May but our buyer keeps texting me to moan that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. If applicable, your solicitor should also send confirmation that the mortgage has been discharged to the buyers conveyancers. There are no post completion tasks specific conveyancing in Bury St Edmunds.
Various internet forums that I have come across warn that are the main reason for hinderance in Bury St Edmunds house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Bury St Edmunds.
Due to the advice of my in-laws I had a survey completed on a house in Bury St Edmunds ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies will refuse to grant a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bury St Edmunds. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bury St Edmunds to see if the conveyancing costs will increase in light of this.
I need to appoint a conveyancing solicitor for purchase conveyancing in Bury St Edmunds. I happened to discover a site which seems to have the perfect offering If it is possible to get all the legals completed via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am hoping to exchange soon on a basement flat in Bury St Edmunds. Conveyancing solicitors inform me that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Bury St Edmunds should include some of the following:
-
Where does the liability rest for repairing the window frames What options are open to you if another leaseholder in the building breaches a clause of their lease? You should know whether the lease allows you to add or improve aspects of the flat- you must know whether it applies to all alterations or limited to structural alteration, and whether permission is mandated necessary Repair and maintenance of the property
I own a 1st floor flat in Bury St Edmunds, conveyancing having been completed 5 years ago. How much will my lease extension cost? Equivalent flats in Bury St Edmunds with an extended lease are worth £179,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease finishes on 21st October 2082
You have 57 years left to run the likely cost is going to range between £26,600 and £30,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
To what extent are Bury St Edmunds conveyancing solicitors under an obligation to the Law Society to supply transparent conveyancing costs?
Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Bury St Edmunds or across England and Wales.