Finally the sale completed on my house in Monmouth last August yet the purchaser is calling every few hours to moan that her solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your sale your conveyancer is committed to forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Where relevant, your solicitor must also send confirmation that the mortgage has been discharged to the buyers solicitors. There are no post completion tasks unique to conveyancing in Monmouth.
Is there a search tool that I can use to discover of the solicitor carrying out my conveyancing in Monmouth is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Chelsea Building Society thus paying £192.00 in further legal fees.
Please do make use of the find a conveyancing panel solicitor tool on this page. Pick the lender and type ‘Monmouth’ or your preferred area and you will be presented with a number of lawyer based in Monmouth or near you.
I need some quick conveyancing in Monmouth as I have pressure to sign on the dotted line within one month. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a cash buyer you are at free not to do searches although no conveyancer would suggest that you don't. With plenty of history conveyancing in Monmouth the following are instances of issues that can show up and adversely affect future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Monmouth I like with a park and railway links in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Monmouth suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I am looking into buying my first house which is in Monmouth and I am already nervous. I couldn't find anything specific about Monmouth. Conveyancing will be needed in due course but do you know about the Monmouth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Monmouth. In the meantime here are some basic statistics that we found
I've recently bought a leasehold flat in Monmouth. Am I liable to pay service charges relating to a period prior to completion of my purchase?
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 am the registered owner of a split level flat in Monmouth, conveyancing having been completed 3 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Monmouth with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease finishes on 21st October 2088
You have 63 years unexpired the likely cost is going to range between £16,200 and £18,600 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 are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.