Having sold my house in Caterham last October yet the purchaser is texting daily complaining that his lawyer is waiting to hear from mine. What should have happened following completion?
After completion of your sale your conveyancer is committed to forward the transfer documentation and all of the paperwork to the purchaser's solicitors. Where relevant, your solicitor must also send confirmation that the home loan has been discharged to the purchasers lawyers. There are no post completion steps unique to conveyancing in Caterham.
How does conveyancing in Caterham differ for new build properties?
Most buyers of new build or newly converted property in Caterham approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Caterham usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Caterham or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Caterham I like with amenity areas and transport links nearby, however it only has 51 years on the lease. I can't really find anything else in Caterham in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
We are 17 days into a residential purchase having been directed to solicitors by the selling agent to perform conveyancing in Caterham. I am am very frustrated with the level of service. Can you you assist me in finding new solicitors?
A solicitor would have to be very poor in order to consider changing them. Has your mortgage offer been issued? In the event that it has you will need to make them aware of the replacement conveyancer and ensure the offer are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company panel to avoid escalating charges and complications. So that should be your first question of the new lawyers. Our search tool will help you find a bank approved conveyancer for your conveyancing in Caterham
I have just appointed agents to market my ground floor apartment in Caterham. Conveyancing solicitors are to be appointed soon, however I have recently received a yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as you normally would given that all ground rent and service charges will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Following months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Caterham. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We are happy to put you in touch with a Caterham conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Caterham premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case was in relation to 3 flats. The number of years remaining on the existing lease(s) was 75 years.
I note that you have a post code search directory identifying law firms on the bank conveyancing panel. Do Caterham conveyancing companies pay you a commission if I instruct them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Caterham.