Finally the sale completed on my house in Ferryside last May but our buyer keeps whats apping daily complaining that his lawyer needs to hear from mysolicitor. What should my lawyer have done following completion?
Following your sale your lawyer is duty bound to deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer must also send confirmation that the home loan has been discharged to the buyers lawyers. There are no post completion formalities specific conveyancing in Ferryside.
I am being advised by my solicitor that lack of building regulations insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Ferryside?
The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Halifax and Bank of Scotland. Conveyancing solicitors as opposed to borrowers take out such policies.
We have agreed to purchase a house in Ferryside. One unusual aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Lloyds your lawyer must follow the conveyancing requirements set out in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Lloyds where a lease does not satisfy these conditions. The conditions relate to the installation of panels on properties countrywide and is not limited to Ferryside.
My offer was accepted on a house in Ferryside on 5/8/2022, valuation was booked 3 days after, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Are Lloyds entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
My partner and I are intent on selling our home in Ferryside and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know that there is no such problem. It does beg the question why the purchasers used a national conveyancing outfit as opposed to a conveyancing solicitor in Ferryside. Having lived in Ferryside for six years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I have recentlybeen informed that Stirling Law have been shut down. They conducted my conveyancing in Ferryside for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to see 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 Ferryside conveyancing specialists.
My company is intending to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in Ferryside for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Ferryside, including the sale and purchase of businesses as well as simply premises. Whether you are looking to acquire or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the costs these will vary based on the structure and nuances of the proposed transaction. Please provide us with your contact information or phone so as to enable us to supply you with a fixed commercial conveyancing calculation.
Planning to exchange soon on a leasehold property in Ferryside. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Ferryside should include some of the following:
You should receive a copy of the lease What options are available to the landlord where you are in breach of your lease terms? Defining your rights in respect of the communal areas in the building.For instance, does the lease grant a right of way over a path or hallways? You should have a good understanding of the insurance requirements
I own a 1st floor flat in Ferryside, conveyancing having been completed in 1995. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Ferryside with an extended lease are worth £260,000. The ground rent is £45 yearly. The lease expires on 21st October 2096
With just 74 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.