Completed the sale of my flat in Colyton last November yet the purchaser is e-mailing every few hours to moan that her conveyancer needs to hear from mine. What should have happened now that I have sold?
Following your house sale your lawyer should send the transfer deeds and all additional paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer must also send confirmation that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion procedures just for conveyancing in Colyton.
My home in Colyton is up for sale and I have accepted an offer. Will my conveyancer have to be on the Principality conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
What can a local search tell me regarding the property we're purchasing in Colyton?
Colyton conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search is essential in every Colyton conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
It has been 4 months following my purchase conveyancing in Colyton completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
I need to appoint a conveyancing solicitor for some conveyancing in Colyton. I happened to land on a site which seems to have the perfect offering If there is a chance to get all this stuff done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £475,000 garden flat in Colyton next Tuesday. The freeholder has quoted £420 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Colyton?
Colyton conveyancing on leasehold flats often necessitates the purchaser’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to address these enquiries most will be willing to do so. They may invoice a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some situations it is above £800. The management information fee demanded by the landlord must be sent together with a summary of rights and obligations in respect of administration charges, otherwise the invoice is technically not due. Reality however dictates that one has little option but to pay whatever is requested of you if you want to complete the sale of your home.
I am the registered owner of a 1 bedroom flat in Colyton, conveyancing having been completed November 2003. Can you work out an approximate cost of a lease extension? Equivalent properties in Colyton with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease expires on 21st October 2100
With 74 years unexpired we estimate the premium for 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 suggested premium range that we have given is a general guide to costs for renewing 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 other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.