In the event thatI were to buy a straightforward housein Little Burstead for cash and dispense with a survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Little Burstead?
Any savings you would make would be isolated to the Little Burstead conveyancing searches. Your property lawyer is required to do the vast majority of work - money laundering, communicating with the sellers conveyancer, stamp duty return, register the ownership etc. You might save a bit for them not having to register a mortgage but it will not be a lot.
Completed the sale of my flat in Little Burstead last March but the buyer keeps texting every few hours complaining that his solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
After completion of your disposal your conveyancer should forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor should also evidence that the mortgage has been paid off to the purchasers lawyers. There is unlikely to be post completion formalities specific conveyancing in Little Burstead.
My wife and I own a terraced Victorian property in Little Burstead. Conveyancing solicitor represented me and Virgin Money. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Little Burstead and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing lawyer who conducted the purchase.
How does conveyancing in Little Burstead differ for newly converted properties?
Most buyers of new build or newly converted property in Little Burstead approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Little Burstead typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Little Burstead or who has acted in the same development.
Should I use a Little Burstead conveyancing practitioner in close proximity to the house I am buying? An old friend can handle the conveyancing but his firm is located 300kilometers away.
The primary upside of using a high street Little Burstead conveyancing firm is that you can visit the firm to sign paperwork, hand in your ID and pester them if necessary. They will also have local insight which is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that should outweigh using an unfamiliar Little Burstead conveyancing solicitor just because they are round the corner.
Last June I purchased a leasehold property in Little Burstead. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a split level flat in Little Burstead, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Little Burstead with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease ends on 21st October 2081
With just 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.