Having sold my house in Stanford Le Hope last June yet the purchaser is telephoning daily complaining that her lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your sale your lawyer should send the transfer deeds and all of the paperwork to the purchaser's solicitors. Where relevant, your lawyer must also send confirmation that the mortgage has been discharged to the purchasers lawyers. There are no post completion tasks just for conveyancing in Stanford Le Hope.
Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Loughborough BS conveyancing panel for instance in Stanford Le Hope?
We would not expect to be advised of any plans on the part of the BSA to promote such a tool.
Do commercial conveyancing searches disclose impending roadworks that could affect a commercial property in Stanford Le Hope?
Many commercial conveyancing solicitors in Stanford Le Hope will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Stanford Le Hope. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Stanford Le Hope.
For every commercial conveyancing transaction in Stanford Le Hope it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Stanford Le Hope commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Stanford Le Hope.
five months have elapsed following my purchase conveyancing in Stanford Le Hope concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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.
I am looking into buying my first house which is in Stanford Le Hope and I am already nervous. I couldn't find anything specific about Stanford Le Hope. Conveyancing will be needed in due course but do you know about the Stanford Le Hope area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stanford Le Hope. In the meantime here are some basic statistics that we found
I am tempted by the attractive purchase price for a two flats in Stanford Le Hope both have about fifty years left on the leases. Will this present a problem?
There is no doubt about it. A leasehold flat in Stanford Le Hope is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the premises. For most purchasers and banks, leases with less than eighty years become less and less marketable. 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 a residence 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 Stanford Le Hope 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.
I bought a basement flat in Stanford Le Hope, conveyancing having been completed April 2005. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Stanford Le Hope with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2099
You have 74 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.