Me and my partner are purchasing a apartment in Caergwrle. I might seem paranoid but how we can trust a lawyer? At some point we have to send funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My stepmother informed me that in purchasing a property in Caergwrle there may be various restrictions limiting what one can do in terms of external alterations to a property. Is this right?
We are aware of anumerous of properties in Caergwrle which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Caergwrle should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Lloyds, do Caergwrle conveyancing practitioners face a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
three months have elapsed since my purchase conveyancing in Caergwrle took place. I have checked the Land Registry site which shows that I paid £175,000 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 residence 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Caergwrle. Conveyancing is a frightening process 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 legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Caergwrle
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been advised by two or three local estate agents in Caergwrle to find a property lawyer on your site. Is there a financial inducement for Estate Agents to offer your services over and above another?
We refuse to make any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
My husband and I are new to the buying process - agreed a price, yet the agent told us that the vendor will only go ahead if we use the agent's chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street solicitor who is familiar with conveyancing in Caergwrle
We suspect that the owner is not behind this ultimatum. If they require ‘a quick sale', alienating a serious buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you will continue to use your preferred Caergwrle conveyancing lawyers - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing figures set by HQ.
Last October I purchased a leasehold flat in Caergwrle. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a ground floor flat in Caergwrle, conveyancing was carried out May 2000. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Caergwrle with a long lease are worth £260,000. The ground rent is £50 levied per year. The lease comes to an end on 21st October 2100
With 75 years left to run the likely cost is going to range between £8,600 and £9,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.