We're in Yateley, FTBs buying with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I got the keys to my home on 7 July and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Yateley advises it would be dealt with in less than a month. Are transfers in Yateley particularly slow to register?
As far as conveyancing in Yateley is concerned, registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry communicate with any interested parties. As of today in the region of 80% of submission are completed in less than three weeks but occasionally there can be longer delays. Historically registration occurs once the new owner has moved in to the premises thus 'speed' is not typically primary concern but where there is a degree of urgency associated with the registration then you or your solicitor should speak with the land registry and explain the circumstances.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Yateley I like with open areas and transport links in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Yateley suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
In my capacity as executor for the estate of my grandfather I am disposing of a residence in Neath but live in Yateley. My conveyancer (approximately 300 kilometers awayrequires that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Yateley to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Yateley based
We expect to complete our sale of a £325,000 maisonette in Yateley in seven days. The managing agents has quoted £312 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Yateley?
Yateley conveyancing on leasehold maisonettes more often than not necessitates the buyer’s lawyer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to such questions most will be content to assist. They are at liberty to levy a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some transactions it is above £800. The management information fee invoiced by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, otherwise the invoice is not strictly payable. In reality one has little choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.
Yateley Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying
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On the whole the cost for major works tend not to be incorporated into the maintenance charges, albeit that some managing agents in Yateley require tenants to pay into a sinking fund and this is used to offset against major works. What is the name of the managing agents?
Is it true that a Yateley conveyancing firm got sued by clients for failing to conduct comprehensive conveyancing investigations?
Our attention has not be brought to such a Yateley conveyancing claim but it has been reported that, a couple acquiring a home elsewhere in England successfully sued their conveyancing practitioner due to development permission to erect a wind farm not being identified in conveyancing searches.
Where you are thinking of buying a home in Yateley It is essential that your solicitor purchase all Yateley conveyancing searches necessary making sure that you have relevant and current information before buying a home in Yateley.