Completed the sale of my flat in Shrewton last November yet the purchaser is texting every few hours to say their solicitor is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor is duty bound to send the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your solicitor should also send confirmation that the mortgage has been redeemed to the buyers solicitors. There are no post completion procedures peculiar conveyancing in Shrewton.
We are planning to buy with Earl Shilton BS. I called into 3 or 4 high street companies but cant to find a Shrewton conveyancing firm on the Earl Shilton BS approved list. Could you assist?
You should make use of the search tool on this page. Pick the building society and type Shrewton or your preferred area and you will be presented with a number of lawyer located in Shrewton or near you.
Please help - my lawyer advises that lack of planning permission insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Shrewton?
The right level of lack of planning permission indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
Is it the case that all Shrewton CQS (Conveyancing Quality Scheme) solicitors are on the RBS conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
We had appointed conveyancers locally in Shrewton on the Clydesdale solicitor approved list. They are now charging me a separate sum for the legal aspects of the Clydesdale mortgage. Is this a supplemental conveyancing fee set by Clydesdale?
Provided it is contained in their Terms of Engagement or Quote then yes your property lawyer may levy a fee for this. This fee is not set by Clydesdale but by your Shrewton conveyancer. Plenty of firms on the Clydesdale panel will charge an ‘acting for lender’ fee and others do not.
My relative advised me that where I am purchasing in Shrewton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Shrewton conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Shrewton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Shrewton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Shrewton.
My father-in-law has urged me to appoint his conveyancing solicitors in Shrewton. Should I choose my own solicitor?
No doubt the best way to find a conveyancing practitioner is to seek referrals from friends or family who have actually previously instructed the firm you're are thinking of instructing.
Do you have any top tips for leasehold conveyancing in Shrewton with the purpose of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Shrewton can be reduced if you appoint lawyers the minute your agents start advertising the property and ask them to collate the leasehold documentation needed by the buyers’ solicitors. Many freeholders or managing agents in Shrewton levy fees for supplying management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management information can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Shrewton. If there is a history of any disputes with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic rather than unsettled. You may think that you are aware of the number of years left on your lease but it would be wise to double-check via your lawyers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is less than 80 years. In the circumstances it is essential at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.
I inherited a split level flat in Shrewton, conveyancing having been completed in 2003. How much will my lease extension cost? Corresponding properties in Shrewton with a long lease are worth £255,000. The ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2098
With 73 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.