I am in the market for a reasonably priced conveyancer. Should I go for for an internet conveyancer or a local Ely conveyancing solicitor?
Generally conveyancing solicitors in your neck of the woods will benefit from strong alliances with your local authority, which can assist with your Ely conveyancing searches that your conveyancer will need to carry out. It can only be a plus if they enjoy existing connections with the Land Registry covering your area Ely, other conveyancers in the location and Ely property agents.
Our grandson is in the process of securing a house that has just been built in Ely with a mortgage from Leeds Building Society. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am the registered owner of a freehold property in Ely but still charged rent, why is this and what is this?
It’s unusual for properties in Ely and has limited impact for conveyancing in Ely but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I have recentlybeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Ely for a purchase of a leasehold flat 10 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ely conveyancing specialists.
What makes your site different to other web based conveyancing brokers when it comes to conveyancing in Ely?
At this site secure an accurate quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Ely. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you select them for your property ownership legalities in Ely
I have just appointed agents to market my garden flat in Ely. Conveyancing has not commenced, however I have recently had a quarterly service charge invoice – Do I pay up?
The sensible thing to do is discharge the service charge as usual given that all ground rent and maintenance invoices will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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. This will smooth the conveyancing process.
Leasehold Conveyancing in Ely - A selection of Questions you should consider before buying
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Its a good idea to discover as much as possible concerning the managing agents as they will either make living at the property much easier or much more difficult. Being a leasehold owner you are frequently in the clutches of the managing agents both financially and when it comes to daily issues such as the tidiness of the communal areas. Ask other tenants what they think of them. On a final note, investigate as to the dates that you are obliged pay the service charge to the relevant party and specifically how they are spending the funds. Make sure you discover if the the lease contains any onerous restrictions in the lease. For instance plenty of leases prohibit pets being permitted in in a block in Ely. If you like the flatin Ely however your dog can’t make the move with you then you will be faced hard compromise. Where a Ely lease has fewer than eighty years it will impact the value of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Elylease extensions you will need to own the premises for 24 months in order to be legally able to carry out a lease extension.