I am under pressure from the seller of a property in Castle Cary to exchange within four weeks. What can be done to accelerate the conveyancing process?
First, If you are under a tight deadline for your conveyancing we would recommend that your lawyer is familiar with the area as they will have local contacts and knowledge. It is even conceivable that they could have conducted otherhomes in the same street. Therefore consider using a Castle Cary conveyancing firm. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is understood that nearly one in five of Castle Cary conveyancing deals are suspended or derailed after finding out that a buyer’s conveyancer was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal process being frustrated by an average of 21 days. It is understood that this issue affects approximately 100,000 home sales every year. Many Castle Cary conveyancing firms can not act for certain banks so do check as early as possible.
The Castle Cary conveyancing solicitors that just started acting on my house acquisition in Castle Cary have without warning closed. They were on acting for me because I had to have a firm on the Nationwide conveyancing panel and my family Castle Cary lawyer was not. I paid them £170 on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nationwide conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
Have completed on a a terraced house in Castle Cary , how long should it take for the Land Registry to register my title? My Castle Cary conveyancing solicitor has been very slow, so I want to be sure that my name is registered.
There is nothing unique when it comes to conveyancing in Castle Cary registration formalities. Rather than based on location, timescales can adjust according to who lodges the application, whether there are errors and whether the Land registry must send notices to any interested parties. At present roughly 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted delays. Historically registration occurs once the new owner has moved in to the premises thus registration formalities is not always primary concern but where there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Castle Cary is the location of the property. Can you offer any assistance?
Flying freeholds in Castle Cary are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Castle Cary you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Castle Cary 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 residence.
My company is hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering competitive costs for non-domestic conveyancing in Castle Cary for below 2k?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Castle Cary, including the disposal and purchase of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right lawyer. Regarding the charges these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
I own a leasehold flat in Castle Cary. Conveyancing and Clydesdale mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Castle Cary who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Castle Cary conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a 1st floor flat in Castle Cary, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Castle Cary with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2095
With only 70 years unexpired the likely cost is going to range between £9,500 and £11,000 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.