Finally the sale completed on my house in Markyate last January but our buyer keeps whats apping daily to say her lawyer needs to hear from myconveyancer. What should have happened following completion?
Following your disposal your solicitor is duty bound to deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Where appropriate, your lawyer must also confirm that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There are no post completion steps unique to conveyancing in Markyate.
A relative recommended that where I am purchasing in Markyate I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Markyate conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Markyate around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Markyate Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Markyate Education with maps and statistics, Local Amenities and other useful information concerning Markyate.
I used Arc property Solicitors several years ago for my conveyancing in Markyate. I now require my file however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Markyate of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a flat up to £305k and identified one near me in Markyate I like with amenity areas and transport links in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in Markyate in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I have been advised by numerous property agents in Markyate to locate a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to recommend your lawyers rather than another?
We don’t give any commission for sending work to this site. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
What are your top tips when it comes to finding a Markyate conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Markyate conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Markyate conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
-
Can they put you in touch with clients in Markyate who can give a testimonial? How many lease extensions have they completed in Markyate in the last twenty four months?
Markyate Leasehold Conveyancing - Sample of Questions you should ask Prior to buying
-
Generally speaking the cost for major works tend not to be wrapped into the maintenance charges, albeit that some managing agents in Markyate require tenants to contribute towards a reserve fund created for the specific purpose of building a fund for major works. Plenty Markyate leasehold properties will be liable to pay a service charge for maintenance of the block invoiced by the freeholder. If you acquire the flat you will have to meet this contribution, usually quarterly during the year. This can vary from several hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a ground rent for you to pay yearly, this is usually not a exorbitant sum, say about £25-£75 but you should to check as occasionally it could be many hundreds of pounds. Does this lease have in excess of 80 years left?