Finally the sale completed on my house in Woodthorpe last July yet the purchaser is telephoning every few hours to say her lawyer is waiting to hear from mylawyer. What should my lawyer have done now that I have sold?
Post completion of your disposal your conveyancer should deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also confirm that the mortgage has been redeemed to the buyers conveyancers. There are no post completion formalities just for conveyancing in Woodthorpe.
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Woodthorpe. The house had a relatively small loan remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this possible?
If you intend to refinance then HSBC will require that you use a conveyancer on the HSBC 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 HSBC 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 HSBC mortgage is registered as a charge at the Land Registry.
What will a local search tell me concerning the house my wife and I buying in Woodthorpe?
Woodthorpe conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search is essential in every Woodthorpe conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
My husband and I are 3 weeks into a leasehold purchase having been recommend to solicitors by the local agent to handle our conveyancing in Woodthorpe. I am not happy. Can you you assist me in finding new lawyers?
A conveyancer would have to be very bad in order to consider replacing them. Has your loan offer been sent? If so you must inform them of the new lawyer and have the mortgage documents are re-issued. The conveyancer needs to be on the banks approved list to avoid supplemental expenses and frustration. So that should be your starting point. The find a solicitor tool can assist you in finding a lender approved lawyer for your conveyancing in Woodthorpe
I am a negotiator for a reputable estate agent office in Woodthorpe where we have witnessed a number of flat sales derailed as a result of short leases. I have been given conflicting advice from local Woodthorpe conveyancing firms. Can you confirm whether the vendor of a flat can start the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a studio flat in Woodthorpe, conveyancing having been completed in 2010. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Woodthorpe with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2089
You have 63 years remaining on your lease we estimate the premium for your lease extension to range between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
What is the reason for new build conveyancing in Woodthorpe being more expensive?
Conveyancing in Woodthorpe for newly converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental questions and contractual concerns.