Finally the sale completed on my house in Cottesmore last December yet the purchaser is Skype messaging every few hours to moan that her lawyer is waiting to hear from mylawyer. What should my lawyer have done now that I have sold?
After completion of your house sale your solicitor is committed to deliver the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also evidence that the home loan has been paid off to the buyers solicitors. There are no post completion formalities just for conveyancing in Cottesmore.
Do I need to take out insurance to address the risk of chancel repairs when purchasing a house in Cottesmore?
Unless a prior acquisition of the house took place post 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Cottesmore to continue to advocate a chancel search and or insurance against a claim.
I used Arc property Solicitors several years ago for my conveyancing in Cottesmore. Now, I need my files however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cottesmore of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in Cottesmore. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Cottesmore
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants.
Due to the advice of my in-laws I had a survey completed on a house in Cottesmore before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some banks may refuse to issue a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cottesmore. Conveyancing will be smoother if you use a solicitor in Cottesmore especially if they are acquainted with such properties in Cottesmore.
I’m about to sell my 2 bed flat in Cottesmore. Conveyancing has not commenced, however I have recently had a quarterly service charge invoice – should I leave it to the buyer to sort out?
It best that you pay the maintenance contribution as usual given that all rents and service charges should be allotted on completion, so you should recover the relevant percentage by the buyer 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.
I am the registered owner of a garden flat in Cottesmore, conveyancing formalities finalised 9 years ago. How much will my lease extension cost? Corresponding flats in Cottesmore with a long lease are worth £165,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2102
With only 77 years remaining on your lease the likely cost is going to span between £7,600 and £8,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. 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 taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.