We are about to complete on the purchase of a property in Clent but as a result of damage from some water damage at the property I have managed to agree recompense from the owner in the sum of £2k by way of a deduction in the price. I had intended this to be dealt with as part of amending the contract however RBS will not permit this. Should they have been informed?
Your lawyer that is on a RBS conveyancing panel is required to advise RBS of any changes to the purchase price. If you prohibit your conveyancing practitioner to disclose the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new property lawyer for your conveyancing in Clent.
Is there a reason why leasehold purchase conveyancing in Clent costs more?
The conveyancing charges for a leasehold premises in Clent is often higher than on a freehold residence. This is because there is an amount of supplemental investigations necessary in liaising with the freeholder and managing agents to collate the information about whether the rent and service fee have been paid and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
I am assisting my sister sell her property in Clent. Does the solicitor arrange the energy performance certificate or it is for me to see to?
Following the demise of HIPs, EPC’s became a mandatory element of selling a property. An energy assessment must be to hand prior to the property being advertised. It is not something that conveyancers ordinarily arrange. If you are using a Clent conveyancing lawyer they may be willing to arrange energy performance certificates given their relationships with reputable local energy assessors
We are due to move property in March. Will my conveyancing solicitor communicate with the removal company on the completion day. On a separate note, can you suggest a removal company in Clent. Conveyancing solicitor was chosen before I stumbled across this page.
On the afternoon of completion you will need to pick up the house keys from the property agent but this can only take place when the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you can inform the removal men that they can start moving you in. We do not recommend a specific removal organisation but can assist you in locating a residential property solicitor in Clent or a firm that specialises in conveyancing in Clent.
My wife and I are at the point of viewing flats in Clent and I am now considering a potential offer. Is it sensible to have a conveyancer on ‘stand by’? I will be getting a mortgage with RBS.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are taking out a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
2 months have gone by since my purchase conveyancing in Clent took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Clent is the location of the property. Is there any advice you can give?
Flying freeholds in Clent are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Clent you would need to get your solicitor to go 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 Clent may ascertain 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.
I am hoping to sign contracts shortly on a studio apartment in Clent. Conveyancing lawyers assured me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Clent should include some of the following:
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if lease caters for for a reserve fund? Who has the liability to repair and maintain the main walls and foundations. It is essential for you to know who is duty bound to repair and maintenance of all parts of the block and communal areas The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Does the lease prohibit wood flooring? Repair and maintenance of the property
I own a ground floor flat in Clent, conveyancing formalities finalised June 1998. Can you work out an approximate cost of a lease extension? Corresponding flats in Clent with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease finishes on 21st October 2081
With just 55 years unexpired we estimate the price of your lease extension to span between £31,400 and £36,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.