Finally the sale completed on my house in West Haddon last July but my buyer keeps texting me to say their lawyer is waiting to hear from mylawyer. What should have happened following completion?
Post completion of your disposal your conveyancer is duty bound to send the transfer deeds and all of the paperwork to the buyer’s solicitors. If applicable, your solicitor should also confirm that the mortgage has been repaid to the purchasers solicitors. There is unlikely to be post completion steps specific conveyancing in West Haddon.
What is the best way to find out if the solicitor handling my conveyancing in West Haddon is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Barnsley Building Society thus spending £187.00 plus VAT in further legal costs.
Please do take advantage of the find a lender approved solicitor tool on this site. Pick the lender and type ‘West Haddon’ or your location and you will be presented with a number of lawyer offices in West Haddon or nearest you.
Various web forums that I have visited warn that are the primary reason for delay in West Haddon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in West Haddon.
The deeds to my property can not be found. The lawyers who did the conveyancing in West Haddon 10 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical deeds to establish that you are the registered proprietor of land or premises, as the Land Registry have everything they need in a digital format.
What are your top tips when it comes to appointing a West Haddon conveyancing firm to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a West Haddon conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non West Haddon conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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Can they put you in touch with clients in West Haddon who can give a testimonial?
I acquired a basement flat in West Haddon, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in West Haddon with an extended lease are worth £260,000. The ground rent is £50 yearly. The lease ends on 21st October 2100
You have 75 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Is there a reason that West Haddon conveyancing fees differ for leasehold and freehold properties?
When acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control