Having sold my house in Ramsbottom last March yet the purchaser is whats apping daily complaining that their solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Post completion of your sale your lawyer is committed to deliver the transfer deeds and all of the paperwork to the purchaser's conveyancer. Where appropriate, your conveyancer should also send confirmation that the home loan has been discharged to the purchasers lawyers. There are no post completion requirements just for conveyancing in Ramsbottom.
I can see plenty of here regarding conveyancing in Ramsbottom but what is your top tip for selecting the right conveyancer in Ramsbottom
We would encourage you not to go for the cheapest Ramsbottom conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Have just purchased a repossessed house at auction in Ramsbottom. Conveyancing is necessary. What are my next steps?
Given that you are now legally bound yourself to purchase you must find a conveyancing solicitor soon as you will have a pending a drop dead date to complete the transaction. All auction property will ordinarily have a bespoke auction set of papers. This will likely include most,if not all of the paperwork that your lawyer requires. In the case of leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must pass this on to the lawyer instructed by you as soon as possible. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
About to purchase flat in Ramsbottom. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Ramsbottom property lawyer is on the Lloyds conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build flat in Ramsbottom. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Ramsbottom
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I have been on the look out for a ground for flat up to £245,000 and found one close by in Ramsbottom I like with open areas and transport links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Ramsbottom for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a home loan that many years may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Do I need to be suspicious that estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a High Street Ramsbottom conveyancing practice?
As is the case with many professional services, often recommendations from relatives can be extremely useful or valuable. Yet there are numerous people with a vested interest in a conveyancing deal; estate agents, financial adviser and lenders may recommend lawyers to choose. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there might be a commercial relationship behind the endorsement. You have the discretion to appoint your own lawyer. However, bear in mind that some banks operate an approved list of solicitors you must use for the mortgage related work in your conveyancing.
I have recently placed an offer on a leasehold flat in Ramsbottom and the estate agent that we are dealing with suggested his property lawyer. They quoted £900 including VAT and disbursements. Does this sound reasonable?
You should not rely on 1 quote. One should seek like-for-like quotes for your conveyancing in Ramsbottom. Then select one that you are comfortable with and just as important, is on the approved panel of the lender that you have applied for a mortgage from.