Having sold my house in Caerleon last August yet the purchaser is Skype messaging every few hours to moan that their lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
After completion of your disposal your lawyer is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also confirm that the mortgage has been paid off to the buyers lawyers. There is unlikely to be post completion requirements unique to conveyancing in Caerleon.
I am purchasing a house and require a conveyancing solicitor in Caerleon who is on the Virgin Money solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Caerleon. We dont recommend any particular firm.
I am buying a new build apartment in Caerleon. 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Caerleon
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, no chain conveyancing. Caerleon is the location of the property. Can you offer any assistance?
Flying freeholds in Caerleon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Caerleon you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Caerleon may determine 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 property.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Caerleon. I happened to land on a site which appears to be the perfect offering If there is a chance to get all this stuff done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
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?
Can you offer any advice when it comes to choosing a Caerleon conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Caerleon conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Caerleon conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
-
How experienced is the practice with lease extension legislation?
I own a basement flat in Caerleon, conveyancing formalities finalised in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Caerleon with an extended lease are worth £165,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2102
With only 77 years left to run the likely cost is going to span between £7,600 and £8,800 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 the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.