Completed the sale of my flat in Kingstanding last October but our buyer keeps telephoning daily to say her conveyancer needs to hear from myconveyancer. What should have happened now that I have sold?
Following your disposal your solicitor should send the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where relevant, your conveyancer must also confirm that the mortgage has been redeemed to the purchasers conveyancers. There are no post completion steps unique to conveyancing in Kingstanding.
This question may be naive but I am unseasoned as a first time purchaser of a garden flat in Kingstanding. Do I receive the keys to the house on completion from my solicitor? If this is the case, I will instruct a local conveyancing solicitor in Kingstanding?
On the day of completion you do not need to attend the conveyancers office in Kingstanding. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s lawyers, and once they have received this, you should be able to collect the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We are aiming to move property in June. Will my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you put forward a removal company in Kingstanding. Conveyancing firm was organised before I stumbled across this page.
On the afternoon of completion you can collect the keys from the property agent but this can only occur after the previous owners solicitors confirm to the agent that they have the completion monies and the keys can be given over. You can advise the removal company that they can start moving you in. We are not in a position to suggest a particular removal organisation but can assist you in locating a residential property solicitor in Kingstanding or a firm with expertise in conveyancing in Kingstanding.
RBS have agreed my mortgage in principle, my offer on a house in Kingstanding has been agreed to, what happens next?
The property agent will wish to be advised as to your solicitor's details (be sure the conveyancing practitioners are on the lender’s approved list). Telephone RBS or the financial adviser and finish off any outstanding documentation. RBS will instruct a valuer who will get in touch with the estate agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes approximately ten days to receive the mortgage offer. RBS will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Kingstanding.
A colleague suggested that where I am buying in Kingstanding I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Kingstanding conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Kingstanding around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Kingstanding Education with maps and statistics, Local Amenities and other useful data regarding Kingstanding.
4 months have gone by since my purchase conveyancing in Kingstanding concluded. I have checked the Land Registry website which shows that I paid £150,000 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 asset 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.
I'm buying my first flat in Kingstanding with a loan from National Westminster Bank. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative suggested that I not disclose to my solicitor about the deal as it would adversely affect my mortgage with National Westminster Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Estate agents have just been given the go-ahead to market my basement apartment in Kingstanding. Conveyancing is yet to be initiated, but I have recently received a quarterly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal given that all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents 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. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a leasehold flat in Kingstanding, conveyancing formalities finalised August 1997. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Kingstanding with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 per annum. The lease runs out on 21st October 2103
You have 78 years remaining on your lease we estimate the price of your lease extension to span between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.