I am purchasing a right to buy a flat in St Columb. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in St Columb you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in St Columb.
My wife and I are selling our property in St Columb and according to the buyers it appears that there is a risk of it being built on contaminated land. A local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using an online conveyancing outfit rather than a conveyancing solicitor in St Columb. We have lived in St Columb for 4 years we know of no issue. Do we contact our local Authority to obtain clarification need.
It would appear that you have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
4 months have elapsed following my purchase conveyancing in St Columb completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in St Columb. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in St Columb
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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? Please confirm the Lease plans are surveyor prepared.
Due to the input of my in-laws I had a survey completed on a house in St Columb in advance of instructing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies will refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in St Columb. Conveyancing will be smoother if you use a solicitor in St Columb especially if they are familiar with such properties in St Columb.
Expecting to exchange soon on a ground floor flat in St Columb. Conveyancing solicitors assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in St Columb should include some of the following:
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The unexpired lease term. You should receive guidance as what happens when the lease ends, and informed of the importance of the 80 year mark Ground rent - what is payable and when you need to pay, and also know whether this is subject to change Advice concerning the obligations in the lease to to contribute towards maintenance costs - in respect of the block, and the more general rights a leaseholder has Who has the liability to repair and maintain the building. It is essential for you to know which party is responsible the repair and maintenance of every part of the building Repair and maintenance of the premises
I purchased a garden flat in St Columb, conveyancing was carried out in 2007. How much will my lease extension cost? Comparable flats in St Columb with an extended lease are worth £165,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2102
With 78 years unexpired the likely cost is going to span between £7,600 and £8,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.