Having sold my house in Canvey Island last November yet the purchaser is Skype messaging me complaining that her lawyer is waiting to hear from mysolicitor. What should have happened following completion?
Following your house sale your solicitor is duty bound to forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also confirm that the home loan has been redeemed to the purchasers lawyers. There is unlikely to be post completion formalities just for conveyancing in Canvey Island.
I am planning to move house in September. Should my conveyancing solicitor liaise with the removal company on the day of completion. As an aside, can you put forward a removal company in Canvey Island. Conveyancing firm was found before I stumbled across your site.
On the afternoon of completion you will need to pick up the house keys from the selling agent but this can only occur when the previous owners lawyers confirm to the agent that they have the completion monies and the keys can be collected. Subsequently you should inform the removal company that they can start moving you in. We do not suggest a particular removal organisation but can assist you in finding a residential property solicitor in Canvey Island or a lawyer with expertise in conveyancing in Canvey Island.
We previously instructed conveyancing lawyers locally in Canvey Island on the Co-operative solicitor approved list. They have just invoiced me an additional fee for the legal aspects of the Co-operative mortgage. Is this a supplemental conveyancing fee specified by Co-operative?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your conveyancing practitioner can charge a fee for this. This fee is not set by Co-operative but by your Canvey Island lawyer. Plenty of firms on the Co-operative panel will levy ’dealing with mortgage’ fee and others do not.
I recently had an offer accepted on an apartment in Canvey Island. My mortgage broker recommended their conveyancers. I paid an on account payment of £150. A couple of days later, the solicitor contacted me embarrassingly acknowledging that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
It has been 4 months since my purchase conveyancing in Canvey Island took place. I have checked the Land Registry site 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 property 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.
Over the last few months I have been searching for a ground for flat up to £305k and found one round the corner in Canvey Island I like with amenity areas and transport links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Canvey Island for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
What does commercial conveyancing in Canvey Island cover?
Non domestic conveyancing in Canvey Island covers a broad range of advice, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I only have Fifty years unexpired on my flat in Canvey Island. I now want to extend my lease but my freeholder is can not be found. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to find the landlord. On the whole an enquiry agent should be helpful to conduct investigations and to produce a report which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on devolving into the landlord’s absence and the vesting order request to the County Court overseeing Canvey Island.
I bought a split level flat in Canvey Island, conveyancing was carried out in 2000. Can you work out an approximate cost of a lease extension? Corresponding flats in Canvey Island with an extended lease are worth £255,000. The average or mid-range amount of ground rent is £45 per annum. The lease finishes on 21st October 2099
With 73 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.