Completed the sale of my flat in Norfolk last March yet the purchaser is Skype messaging every few hours to say his conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
Following your house sale your lawyer is obliged to send the transfer documentation and all supplemental paperwork to the purchaser's solicitors. If applicable, your solicitor must also send confirmation that the mortgage has been repaid to the purchasers solicitors. There is unlikely to be post completion steps peculiar conveyancing in Norfolk.
My wife and I have recently appointed a conveyancing solicitor in Norfolk. I need to find out whether they are on the Halifax approved list of lawyers. Can you help?
You should e-mail your conveyancer and enquire if they can act for the bank. Alternatively you should get in touch with Halifax who may be able to help.
Just acquired a semi-detached house in Norfolk , how long will it take for the Land Registry to record my proprietorship? My Norfolk conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are addressed.
As far as conveyancing in Norfolk is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ according to who lodges the application, whether it is in order and whether the Land registry must send notices to any other parties. At present roughly 80% of such applications are fully dealt with within two weeks but some can be subject to protracted hold-ups. Registration takes place once the new owner has moved in to the premises thus 'speed' is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers must contact the land registry and explain the circumstances.
I am a sole trader wishing to lease a unit on the high street. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Norfolk for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Norfolk, including the disposal and acquisition of businesses as well as simply premises. Whether you are intending to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right firm. Regarding the charges these will vary based on the structure and terms of the deal. Please provide us with your details or telephone us so that we may furnish you with a fixed commercial conveyancing calculation.
I am attracted to a two flats in Norfolk which have in the region of 50 years unexpired on the leases. Do I need to be concerned?
There is no doubt about it. A leasehold flat in Norfolk is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the marketability of the property. The majority of purchasers and lenders, leases with under 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Norfolk conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Norfolk Leasehold Conveyancing - Sample of Queries Prior to buying
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How much is the service charge and ground rent on the property? Where a Norfolk lease has less than eighty years it will have adverse implications on the value of the flat. It is worth checking with your lender that they are content with remaining years on the lease. A short lease means that you will almost definitely need a lease extension at some point and it is worth discovering what this will be. For most Norfolklease extensions you would need to own the residence for two years before you are entitled to extend the lease. Who manages the block?
Is it the case that all Norfolk legal practices on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can go into your high street lender branch in Norfolk. Chances are that they can recommend conveyancing solicitors in Norfolk