I am under pressure from the owner of a property in Deepcar to sign contracts within four weeks. What can I do to hasten the legal process?
In a situation where the seller is applying time constraints to complete it is highly recommended that your conveyancer is familiar with the location as they will make use of local connections and knowledge. It is possible that they would have conducted otherproperties in the same neighbourhood. You would be best advised to use a Deepcar conveyancing firm. In addition, double check that the lawyer is on the lender panel. It is believed that just under twenty per cent of Deepcar conveyancing transactions are held up or derailed after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. This can often result in the legal transfer of property being held up by almost three weeks. It is understood that this issue affects in the region of 100,000 home sales annually. Most Deepcar conveyancing firms can not act for certain banks so do check as early as possible.
Having sold my house in Deepcar last September yet the purchaser is e-mailing me to say her lawyer needs to hear from mine. What should have happened now that I have sold?
After completion of your house sale your conveyancer should forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your lawyer must also evidence that the home loan has been repaid to the buyers lawyers. There is unlikely to be post completion formalities unique to conveyancing in Deepcar.
My wife and I are close to exchanging contracts on the sale of our property in Deepcar and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Deepcar conveyancer would know that there is no such problem. It does beg the question why the purchasers used a factory type conveyancing practice as opposed to a conveyancing solicitor in Deepcar. We have lived in Deepcar for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I am buying a new build flat in Deepcar. Conveyancing is a frightening process 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 are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Deepcar
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I am attracted to a two flats in Deepcar both have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease gets shorter the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. This is why it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.
I inherited a studio flat in Deepcar, conveyancing formalities finalised 6 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Deepcar with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 per annum. The lease terminates on 21st October 2096
You have 70 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure 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 comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
There are a number of houses in Deepcar on unadopted lanes. My husband and I are purchasing one such property. What would be the pros and cons of buying a residence on a privately owned road?
Deepcar conveyancing firms will be well versed in transacting homeson unadopted roads. Your property lawyer will review the Land Registry data to find any rights or liabilities. In many cases there is a management company (wholly owned by residents) that proprietors make annual contributions to maintain the road. Where one exists, the road should be maintained and appear better than publicly adopted.