Completed the sale of my flat in Duffield last July yet the purchaser is e-mailing daily to moan that his solicitor needs to hear from mysolicitor. What should have happened now that I have sold?
Following your sale your solicitor is obliged to send the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor should also evidence that the mortgage has been redeemed to the purchasers conveyancers. There is unlikely to be post completion formalities just for conveyancing in Duffield.
When it comes to lenders such as Yorkshire BS, do Duffield conveyancers incur a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We are getting a further advance on our mortgage from Yorkshire BS as we intend to conduct alterations to our home in Duffield. Do we need to choose a nearby Duffield solicitor on the Yorkshire BS conveyancing panel to handle the paperwork?
Yorkshire BS don't usually instruct a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS panel.
We expect to receive a DIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Duffield solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Duffield solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I have been told that property searches are the number one reason for obstruction in Duffield house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Duffield.
I was recommended by a few property agents in Duffield to select a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers ahead of a competitor’s?
We refuse to offer any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
In my capacity as executor for the estate of my uncle I am selling a property in Cardiff but I am based in Duffield. My conveyancer (based 250 miles awayhas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in Duffield who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are based in Duffield
What advice can you give us when it comes to choosing a Duffield conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Duffield conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Duffield conveyancing practices prior to 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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Can they put you in touch with clients in Duffield who can give a testimonial?
I acquired a leasehold flat in Duffield, conveyancing having been completed February 2006. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Duffield with an extended lease are worth £255,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 2099
With 73 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.