Completed the sale of my flat in Castleton last January yet the purchaser is telephoning every few hours to say her lawyer needs to hear from mylawyer. What should have happened now that I have sold?
Following your house sale your conveyancer is obliged to send the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Where appropriate, your solicitor must also confirm that the home loan has been discharged to the buyers solicitors. There are no post completion formalities specific conveyancing in Castleton.
We're in Castleton, First time buyers purchasing with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I need some quick conveyancing in Castleton as I am under pressure to exchange contracts in less than one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you are at free not to have searches carried out although no law firm would advise that you don't. With lots of history conveyancing in Castleton the following are instances of what can appear and therefore affect future mortgageability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
Me and my brother have a semi-detached Edwardian house in Castleton. Conveyancing lawyer acted for me and Clydesdale. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Castleton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing solicitor who carried out the work.
In my capacity as executor for the will of my grandmother I am disposing of a property in Neath but I am based in Castleton. My solicitor (approximately 235 kilometers awayneeds me to sign a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Castleton to attest this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Castleton
I am employed by a long established estate agency in Castleton where we have witnessed a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given contradictory information from local Castleton conveyancing firms. Could you confirm whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a ground floor flat in Castleton, conveyancing having been completed October 2012. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Castleton with an extended lease are worth £265,000. The ground rent is £50 yearly. The lease finishes on 21st October 2102
With only 76 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.