Completed the sale of my flat in Brighstone last January but our buyer keeps calling me to say their solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your lawyer is obliged to send the transfer deeds and all additional paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also send confirmation that the mortgage has been discharged to the purchasers lawyers. There are no post completion tasks peculiar conveyancing in Brighstone.
We are purchasing a end of terrace house in Brighstone. We would like to convert the garage to a playroom at the house.Will the conveyancing process involve checks to ascertain if these alterations are allowed?
Your conveyancer should review the registered title as conveyancing in Brighstone will occasionally reveal restrictions in the title deeds which restrict categories of changes or necessitated the permission of a 3rd party. Some works call for local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these things with a surveyor prior to committing yourself to a purchase.
I recently had an offer accepted on a house in Brighstone. My financial adviser suggested a conveyancer. I paid an on account payment of £200. A few days later, the conveyancer contacted me sheepishly admitting that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Planning on purchasing a maisonette in Brighstone. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative 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 Brighstone lawyer is on the Co-operative conveyancing panel.
I have been told that property searches are a common cause of stalling in Brighstone house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in Brighstone.
I am buying my first flat in Brighstone benefiting from help to buy. The builders would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about this side-deal as it will impact my mortgage with the bank. Should I keep quiet?.
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.
I am thinking of appointing a conveyancing lawyer in Brighstone for my home move. Can I check a firm’s complaints history with the legal regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
Having had my offer accepted I require leasehold conveyancing in Brighstone. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is registered - and almost all are in Brighstone - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1 bedroom flat in Brighstone, conveyancing formalities finalised August 2007. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Brighstone with over 90 years remaining are worth £165,000. The ground rent is £50 per annum. The lease comes to an end on 21st October 2101
You have 77 years unexpired we estimate the premium for your lease extension to be between £7,600 and £8,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.