Having sold my house in Little Haven last August yet the purchaser is calling daily complaining that her solicitor needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your sale your solicitor should forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your lawyer should also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There are no post completion steps specific conveyancing in Little Haven.
We're in Little Haven, First time buyers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Is there a list of Santander panel solicitors in Little Haven on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings open the public over the internet. If you are seeking to appoint a Little Haven property lawyer on the Santander please make the most of our tool.
We were going to get a OIP from Barclays this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Little Haven solicitors on the Barclays conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Little Haven solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
My wife and I are in the process of looking at flats in Little Haven and I am about to put in an offer. Should I already have a conveyancing practitioner appointed at this stage? I intend to finance via a home loan with Virgin Money.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are getting a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.
The deeds to our property can not be found. The conveyancers who conducted the conveyancing in Little Haven 4 years ago are no longer around. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer will know exactly where to find all the suitable documentation so you may purchase or sell your property without any difficulty. Where duplicates are not available, your conveyancer may be able to put in place insurance or indemnities protecting you against possible claims on your premises.
My brother has recommend that I use his conveyancers in Little Haven. Should I choose my own conveyancer?
No doubt it’s preferable to select a conveyancing lawyer is to seek feedback from friends or relatives who have previously instructed the solicitor that you are are thinking of instructing.
I am a negotiator for a long established estate agent office in Little Haven where we have experienced a number of leasehold sales jeopardised due to short leases. I have received conflicting advice from local Little Haven conveyancing solicitors. Could you clarify whether the seller of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a 1st floor flat in Little Haven, conveyancing having been completed in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Little Haven with an extended lease are worth £196,000. The ground rent is £45 invoiced every year. The lease ends on 21st October 2089
You have 64 years remaining on your lease the likely cost is going to be between £15,200 and £17,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.