I have given 8 weeks notice to my existing landlord and have to leave my let out apartment in Looe by 13/5/2025. Conveyancing on my purchase has just started. How realistic is it to complete in three weeks as don't want to have to move into temporary accommodation?
Generally one should not give notice on a rental until exchange of contracts has taken place. If you have not already done so, contact to your solicitor and ask them to they apply pressure on the other side, try to get a realistic time scale from them that everyone will aim towards
Having sold my house in Looe last April yet the purchaser is SMS messaging me complaining that her lawyer needs to hear from mine. What are the post completion sale formalities following completion?
Following your house sale your conveyancer is committed to deliver the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the mortgage has been repaid to the purchasers lawyers. There is unlikely to be post completion steps unique to conveyancing in Looe.
We're in Looe, FTBs buying with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC 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.
It has been 3 months following my purchase conveyancing in Looe completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.
How does conveyancing in Looe differ for newly converted properties?
Most buyers of new build or newly converted property in Looe approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Looe typically buy 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 Looe or who has acted in the same development.
All being well we will complete our sale of a £250,000 flat in Looe on Wednesday in a week. The management company has quoted £348 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Looe?
For most leasehold sales in Looe conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-contract enquiries
Where consent is required before sale in Looe
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I own a basement flat in Looe, conveyancing having been completed in 2006. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Looe with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2080
With just 55 years remaining on your lease we estimate the premium for your lease extension to range between £31,400 and £36,200 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.