Having sold my house in Cranfield last September but my buyer keeps calling me to say her solicitor is waiting to hear from mysolicitor. What should my lawyer have done now that I have sold?
Following your house sale your lawyer should deliver the transfer deeds and all additional paperwork to the buyer’s lawyers. If applicable, your conveyancer must also confirm that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Cranfield.
Our lender has suggested solicitors on their panel based in Cranfield but I would rather instruct a conveyancing lawyer in Cranfield round the corner to me. Can you help?
Not all Cranfield conveyancing solicitors are listed all banks conveyancing panel. Do make the most of the above find an approved solicitor tool to find a Cranfield conveyancing solicitor on the on the mortgage company panel.
Have just purchased a repossessed house at auction in Cranfield. Conveyancing is required. What are my next steps?
Now that you have legally committed yourself to purchase you will need to find a conveyancing practitioner quickly as you will have a pending deadline in which to complete the property. All auction property will have a bespoke legal set of papers. This will include most,if not all of the paperwork that your solicitor will need. In the case of leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You should give this to the solicitor working for you ASAP. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Cranfield building society branch on various occasions and was informed it wasn't a problem and they would lend. My Cranfield conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend based on their specific requirements. Who do I believe?
The conveyancing practitioner must follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
After shopping around on the internet I have found a Cranfield solicitor having checked that they are on the Yorkshire BS conveyancing panel. Does my lawyer arrange the survey of the property?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Cranfield surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a property in Cranfield?
Unless a previous purchase of the house completed after 12 October 2013 you can take it that lawyers carrying out conveyancing in Cranfield to remain recommending a chancel search and or insurance against a claim.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Cranfield I like with amenity areas and station nearby, the downside is that it only has 51 years on the lease. There is not much else in Cranfield in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Cranfield for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Cranfield, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right lawyer. As for the fees this will depend on the structure and nuances of the proposed transaction. Let us have your details or call us so that we may supply you with comprehensive commercial conveyancing calculation.