Some advice if I may. My Martlesham conveyancer is assuring me that he is legally obliged toconduct Martlesham conveyancing searches becausethe firm are on the Nat Westconveyancing panel. Do I not have any say here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Martlesham conveyancing searches.
Finally the sale completed on my house in Martlesham last February but the buyer keeps telephoning daily to moan that their lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your solicitor is obliged to send the transfer deeds and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There are no post completion tasks just for conveyancing in Martlesham.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial premises in Martlesham?
Its becoming the norm that commercial conveyancing solicitors in Martlesham will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Martlesham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Martlesham.
For every commercial conveyancing transaction in Martlesham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Martlesham commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Martlesham.
I opted to have a survey done on a house in Martlesham before appointing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to issue a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Martlesham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Martlesham to see if the conveyancing costs will increase in light of this.
I am thinking of appointing a conveyancing solicitor in Martlesham for my sale. Can I check a solicitor's complaints history with the profession’s regulator?
One may review published Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
Having had my offer accepted I require leasehold conveyancing in Martlesham. Before I get started I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Martlesham - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1st floor flat in Martlesham, conveyancing formalities finalised in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Martlesham with over 90 years remaining are worth £197,000. The ground rent is £55 per annum. The lease expires on 21st October 2080
With 55 years left to run the likely cost is going to span between £31,400 and £36,200 as well as costs.
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 detailed due diligence. You should not use the figures 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. You should not move forward based on this information without first seeking the advice of a professional.