Completed the sale of my flat in Consett last April yet the purchaser is texting every few hours to say their conveyancer needs to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
After completion of your house sale your solicitor should send the transfer documentation and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also evidence that the home loan has been paid off to the buyers solicitors. There are no post completion tasks specific conveyancing in Consett.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Consett. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 30/7/2021, the requirements read as follows :
Have just purchased a repossessed house at auction in Consett. Conveyancing is needed. What happens now?
Now that you have exchanged you must appoint a conveyancing solicitor quickly as you now have a fast approaching a drop dead date to complete the conveyancing. All auction property will ordinarily have an associated auction set of papers. This should include evidence of title and search results. Where you are dealing with leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You should pass this on to the solicitor instructed by you as soon as possible. Do make sure that your finances are in order to complete the transaction on the set completion date.
My husband and I have arranged a further advance on our mortgage from Kent Reliance as we wish to conduct alterations to our home in Consett. Are we obliged to appoint a nearby Consett solicitor on the Kent Reliance conveyancing panel to deal with the paperwork?
Kent Reliance would not normally appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance panel.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Consett conveyancing practitioner on the Yorkshire BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I have been told that property searches are a common cause of delay in Consett house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Consett.
As co-executor for the estate of my father I am disposing of a property in Newport but reside in Consett. My solicitor (who is 250 kilometers awayneeds me to sign a stat dec ahead of completion. Can you recommend a conveyancing lawyer in Consett who can attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Consett based
If all goes to plan we aim to complete the disposal of our £125,000 apartment in Consett next Monday. The managing agents has quoted £372 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Consett?
Consett conveyancing on leasehold flats ordinarily results in fees being invoiced by landlords agents :
Addressing pre-exchange enquiries
Where consent is required before sale in Consett
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a 1st floor flat in Consett, conveyancing having been completed November 2007. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Consett with an extended lease are worth £255,000. The average or mid-range amount of ground rent is £45 yearly. The lease runs out on 21st October 2094
You have 73 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.