Having sold my house in Newent last October but my buyer keeps texting every few hours to moan that her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Following your house sale your solicitor should deliver the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also evidence that the legal charge in favour of the lender has been paid off to the buyers solicitors. There is unlikely to be post completion procedures unique to conveyancing in Newent.
My wife and I purchased a terraced Georgian property in Newent. Conveyancing lawyer represented me and Santander. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Santander to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newent and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing solicitor who completed the work.
I'm purchasing my first flat in Newent with the aid of help to buy. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not reveal to my solicitor about this deal as it could impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We're novice buyers - had an offer accepted, but the agent has warned us that the owners will only proceed if we instruct the agent's chosen lawyers as they need a ‘quick sale’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Newent
It is improbable the vendors are driving this. If they desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Newent conveyancing firm - not the ones that will earn their negotiator at the agency a introducer fee or hit his conveyancing figures pre-set by head office.
My wife and I purchased a leasehold flat in Newent. Conveyancing and Birmingham Midshires mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Newent who previously acted has long since retired. What should I do?
First make enquiries of HMLR to make sure that this person is indeed the new freeholder. You do not need to incur the fees of a Newent conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a leasehold flat in Newent, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Newent with an extended lease are worth £181,000. The ground rent is £55 levied per year. The lease ends on 21st October 2076
You have 51 years remaining on your lease the likely cost is going to range between £30,400 and £35,200 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
Me and my husband are selling a Newent ground floor flat left to us seven years ago in 2010. I have over a decades worth of conveyancing know-how and, now retired, intend to carry out my own legal work. The buyer's conveyancing practitioner has informed me that their Lenders will not allow us to do our own conveyancing insisting the funds to be released via a solicitor's bank account.
Lending requirements to lawyers from all CML members state that If the seller does not have legal representation the buyer’s lawyers should check whether the mortgage company needs to be informed so that a decision can be reached as to whether or not they are willing to progress.