Finally the sale completed on my house in Taverham last May yet the purchaser is SMS messaging daily to moan that their conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your lawyer is committed to send the transfer deeds and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also evidence that the home loan has been redeemed to the buyers solicitors. There are no post completion steps unique to conveyancing in Taverham.
We were going to get a OIP from Santander this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Taverham solicitors on the Santander conveyancing panel, or is it better to go independently?
You will need to appoint Taverham solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I am currently in the process of buying my council flat in Taverham. I have a mortgage offer with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
About to purchase house in Taverham. 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 Kent Reliance 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 Taverham conveyancing practitioner is on the Kent Reliance conveyancing panel.
Various online forums that I have come across warn that are the number one reason for obstruction in Taverham house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Taverham.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Taverham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Taverham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to find a conveyancing solicitor for residential conveyancing in Taverham. I have stumble across a web site which looks to be the perfect offering If it is possible to get all formalities done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
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?
Last April I purchased a leasehold property in Taverham. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a ground floor flat in Taverham, conveyancing was carried out 3 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Taverham with an extended lease are worth £195,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2089
With 63 years remaining on your lease the likely cost is going to span between £16,200 and £18,600 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.