Completed the sale of my flat in Midsomer Norton last March yet the purchaser is SMS messaging me to moan that their solicitor is waiting to hear from myconveyancer. What should have happened following completion?
Following your sale your lawyer is obliged to deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Where appropriate, your conveyancer should also confirm that the home loan has been redeemed to the buyers conveyancers. There is unlikely to be post completion procedures unique to conveyancing in Midsomer Norton.
A friend recommended that if I am buying in Midsomer Norton I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Midsomer Norton conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Midsomer Norton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Midsomer Norton.
I have todayfound out that Stirling Law have been shut down. They conducted my conveyancing in Midsomer Norton for a purchase of a leasehold apartment 9 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Midsomer Norton conveyancing specialists.
I am purchasing a new build house in Midsomer Norton with a loan from Aldermore. The sellers would not move on the amount so I negotiated 6k of additionals instead. The house builders rep advised me not disclose to my conveyancer about this extras as it may jeopardize my mortgage with Aldermore. Do I keep my lawyer in the dark?.
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 CML website. CML 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.
My uncle has urged me to appoint his lawyers for conveyancing in Midsomer Norton. Should I find my own solicitor?
No doubt it’s preferable to find a conveyancing solicitor is to get referrals from friends or relatives who have used the firm that you are considering.
I've found a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Midsomer Norton. Conveyancing advisers have are soon to be instructed. Will they explain the issues?
The majority of houses in Midsomer Norton are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Midsomer Norton so you should seriously consider shopping around for a Midsomer Norton conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the communal areas where the house is located on an estate. Your lawyer will advise you fully on all the issues.
I purchased a 1st floor flat in Midsomer Norton, conveyancing having been completed August 1998. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Midsomer Norton with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2076
With just 52 years remaining on your lease we estimate the premium for your lease extension to span between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.