Completed the sale of my flat in Folkestone last August but my buyer keeps telephoning every few hours to say their lawyer needs to hear from myconveyancer. What should my lawyer have done now that I have sold?
Following your house sale your lawyer should forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers lawyers. There are no post completion formalities just for conveyancing in Folkestone.
I am due to move property in May. Does my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you suggest a removal company in Folkestone. Conveyancing solicitor was chosen prior to coming across your page.
On the day of completion you will need to pick up the house keys from your estate agent but this should only happen when the previous owners solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be released. You should inform the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal company but can assist you in locating a conveyancing in Folkestone or a lawyer that specialises in conveyancing in Folkestone.
We were going to get a AIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Folkestone solicitors on the Coventry BS conveyancing panel, or is it better to go independently?
You will need to appoint Folkestone solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
My offer on a semi in Folkestone has been agreed to, but there is a chain. The owners have offered on on an apartment, but it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a local conveyancing solicitor in Folkestone. What should be my next step? When do I get the mortgage application with Leeds Building Society going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then valuation, Folkestone conveyancing search costs, etc). The first course of action is to check that your property lawyer is on the Leeds Building Society approved list. As to the next steps this very much dictated by the uniqueness of your transaction, motivation for this property and on the state of the market. During a hot market the majority of buyers would apply for the mortgage with Leeds Building Society and pay for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.
I am looking for a ground for flat up to £235,500 and found one close by in Folkestone I like with amenity areas and railway links nearby, however it's only got 51 years on the lease. I can't really find anything else in Folkestone for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I was advised by a couple of local selling agents in Folkestone to get a quote from a property lawyer on your site. What’s the financial upside for Estate Agents to recommend your site rather than alternative conveyancing organisations?
We refuse to offer any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am employed by a busy estate agent office in Folkestone where we have witnessed a number of leasehold sales jeopardised due to short leases. I have been given conflicting advice from local Folkestone conveyancing solicitors. Please can you shed some light as to whether the seller of a flat can start the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a basement flat in Folkestone, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Folkestone with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 2090
With 64 years remaining on your lease we estimate the price of your lease extension to span between £14,300 and £16,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
What is the best way to find the right lawyer for my conveyancing in Folkestone ?
First ask your friends and family they would would instruct. Option 2 is to use a search tool on the web for conveyancing in Folkestone. Telephone two or three from the list and ask them to email you their conveyancing fees and discuss your needs with the solicitor who will conduct your conveyancing before you make your choice. Option 3 is to use this site to help you find the right lawyers for you based on your unique factors including location,speed, complexity and who your intended mortgage company is.Avoid the trap of appointing £99 conveyancing solicitors in Folkestone