Having sold my house in Corsham last January yet the purchaser is texting every few hours to say his conveyancer is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
Post completion of your disposal your lawyer is obliged to send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your solicitor should also send confirmation that the home loan has been discharged to the buyers conveyancers. There are no post completion requirements unique to conveyancing in Corsham.
What is the difference between a licensed conveyancer and conveyancing solicitor in Corsham
There are many registered licenced Conveyancers in Corsham and Solicitor practices in Corsham who provide Conveyancing services We would stress that both are regulated professionals specialising in the legal work in transferring property. They may both also conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I just bought a property at auction in Corsham. Conveyancing is required. What is next?
Having for all intents and purposes signed on the dotted line you now have to choose a conveyancing solicitor as a matter of urgency as you now have a fast approaching a fixed date to complete the purchase. An auction property will have a corresponding legal pack. This should include most,if not all of the documents that your conveyancer will need. Where you are dealing with leasehold premises the auction pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should pass this on to the lawyer instructed by you as soon as possible. You also need to ensure that you have funds organised to complete on the on the contractual date .
Are all Corsham Conveyancing Quality Solicitors on the Bank of Ireland conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
Have purchased a a semi-detached house in Corsham , how long should it take for the Land Registry to record the transfer to my name? My Corsham conveyancing solicitor has been painfully slow, so I want to be certain the land registry aspects are dealt with.
As far as conveyancing in Corsham registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can differ according to who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. At present approximately 80% of such applications are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Historically registration occurs after the buyer has moved in to the property therefore 'speed' is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers must contact the land registry and explain the circumstances.
I am looking for a ground for flat up to £195,000 and found one round the corner in Corsham I like with open areas and station in the vicinity, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Corsham suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
What advice can you give us when it comes to choosing a Corsham conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Corsham conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Corsham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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How familiar is the practice with lease extension legislation? What are the charges for lease extension work?
I am the registered owner of a 2 bed flat in Corsham, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Corsham with an extended lease are worth £260,000. The ground rent is £45 charged once a year. The lease comes to an end on 21st October 2099
With just 74 years left to run the likely cost is going to span between £8,600 and £9,800 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
Why am I unable to complete my conveyancing in Corsham on May bank holiday?
Because on completion the funds will be transferred electronically between the banks of the purchaser and owner’s property lawyer and at present this can only take place on a business day. It is not possible to complete on a saturday or sunday either.