Having sold my house in Godstone last February yet the purchaser is calling every few hours complaining that her conveyancer is waiting to hear from mine. What should have happened following completion?
Post completion of your house sale your lawyer is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. Where appropriate, your conveyancer should also confirm that the home loan has been redeemed to the buyers conveyancers. There are no post completion tasks specific conveyancing in Godstone.
Do the Building Society Association intend to launch a search tool with a view to list practices on the Loughborough BS conveyancing panel for example in Godstone?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
My colleague suggested that if I am buying in Godstone I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Godstone conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Godstone around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Godstone Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Godstone.
Over the last few months I have been searching for a flat up to £245,000 and found one near me in Godstone I like with amenity areas and transport links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Godstone for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
We expect to complete the disposal of our £275,000 apartment in Godstone next week. The landlords agents has quoted £408 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Godstone?
Godstone conveyancing on leasehold apartments usually requires the buyer’s solicitor submitting questions for the landlord to address. Although the landlord is not legally bound to address such questions most will be content to assist. They are at liberty to invoice a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge levied by the landlord must be accompanied by a summary of rights and obligations in respect of administration fees, otherwise the charge is not strictly payable. In reality you have no choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Godstone conveyancing firm to help?
Absolutely. We can put you in touch with a Godstone conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Godstone property is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case related to 3 flats. The unexpired term as at the valuation date was 75 years.
My sealed bid on semi in Godstone has been accepted, but there is a chain. The current proprietors have offered on a flat, however it’s not yet tied up, and are looking at other apartments booked. I have instructed a nearby conveyancing lawyer in Godstone. What should be my next step? When should I get the mortgage application with Aldermore going with Aldermore?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then survey, Godstone conveyancing search fees, etc). First, you should ensure that your conveyancing practitioner is on the Aldermore conveyancing panel. Concerning the subsequent phase this very much depends on the circumstances of your case, desire for this property and on the state of the market. During a buoyant market many buyers would apply for a home loan with Aldermore and pay for the survey and only if it comes back ok would they request their conveyancing practitioner to proceed with searches.