Completed the sale of my flat in Swavesey last January but our buyer keeps whats apping every few hours complaining that her lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your lawyer is committed to send the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your conveyancer must also confirm that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Swavesey.
My aunt passed away last year and as sole heir and executor I was left the property in Swavesey. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this allowed?
Given you plan to refinance then Yorkshire BS will insist on your using a conveyancer on the Yorkshire BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Yorkshire BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Yorkshire BS mortgage is registered as a charge at the Land Registry.
I am buying a new build house in Swavesey benefiting from help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not to tell my lawyer about the side-deal as it will adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to appoint a conveyancing solicitor for sale conveyancing in Swavesey. I have chance upon a site which appears to be the ideal answer If there is a chance to get all this stuff completed via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Looking forward to sign contracts shortly on a studio apartment in Swavesey. Conveyancing lawyers inform me that they will have a report out to me next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Swavesey should include some of the following:
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Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Does the lease require carpeting throughout thus preventing wood flooring? The total extent of the premises. This could be the property itself but could also incorporate a loft or basement if applicable. Details of the parties to the lease, e.g. these could be the lessee, head lessor, freeholder Changes to the premises
I bought a garden flat in Swavesey, conveyancing having been completed March 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Swavesey with a long lease are worth £260,000. The ground rent is £45 charged once a year. The lease finishes on 21st October 2100
With just 74 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
Why do I have to send my property lawyer with a list of items of ID ahead of starting selling or buying a property in Swavesey?
Swavesey property lawyers are obliged by the Law Society, SRA, HM Land Registry and current AML legislation to record that the have verified the identity of their clients. It will also be a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, NI number and date of birth.