Completed the sale of my flat in East Hunsbury last March yet the purchaser is calling me complaining that their conveyancer is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your lawyer is committed to deliver the transfer deeds and all additional paperwork to the purchaser's conveyancer. If applicable, your solicitor must also confirm that the mortgage has been discharged to the purchasers lawyers. There are no post completion procedures unique to conveyancing in East Hunsbury.
What is the best way to check that the solicitor conducting my conveyancing in East Hunsbury is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus paying £175.00 in additional conveyancing costs.
You should make the most of the find a lender approved solicitor tool on this web page. Please choose the lender and type ‘East Hunsbury’ or your preferred area and you will be presented with a number of lawyer based in East Hunsbury or by proximity to you.
Various online forums that I have visited warn that are the main cause of obstruction in East Hunsbury house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in East Hunsbury.
2 months have elapsed following my purchase conveyancing in East Hunsbury completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
In my capacity as executor for the estate of my grandfather I am selling a house in Swansea but I am based in East Hunsbury. My lawyer (based 235 miles from mehas requested that I execute a statutory declaration before completion. Can you recommend a conveyancing practitioner in East Hunsbury to witness this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are East Hunsbury based
I am attracted to a two apartments in East Hunsbury which have in the region of fifty years unexpired on the leases. Do I need to be concerned?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the marketability of the lease decreases and it becomes more costly to acquire a lease extension. For this reason it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
I invested in buying a 1 bedroom flat in East Hunsbury, conveyancing formalities finalised April 1999. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in East Hunsbury with an extended lease are worth £190,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2087
You have 62 years unexpired we estimate the price of your lease extension to span between £17,100 and £19,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.