We're in Great Stanmore, First timers buying with a mortgage (lender is UBS , and our solicitor is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I bought my home on 3 November and the transaction details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Great Stanmore expressed confidence that it should be recorded in a couple of weeks. Are titles in Great Stanmore particularly slow to register?
There is nothing unique about conveyancing in Great Stanmore registration formalities. As opposed to being determined by geographic area, timescales can differ subject to the party submitting the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. Currently in the region of 80% of such applications are fully dealt with within two weeks but some can be subject to protracted hold-ups. Historically registration occurs once the purchaser has moved in to the premises therefore an expedited registration is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
I have been on the look out for a ground for flat up to £305k and identified one round the corner in Great Stanmore I like with amenity areas and station nearby, however it's only got 52 years unexpired on the lease. I can't really find anything else in Great Stanmore suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan that many years will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
How do I use the search tool to find a conveyancing lawyer in Great Stanmore on the approved list for my mortgage?
Step one is to choose a mortgage company such as Accord Mortgages Ltd, Virgin Money or Bank of Ireland then type in your location such as Great Stanmore. Conveyancing practices in Great Stanmore and further afield should be identified.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £475,000 apartment in Great Stanmore next Friday. The management company has quoted £372 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Great Stanmore?
Great Stanmore conveyancing on leasehold apartments typically necessitates fees being invoiced by landlords agents :
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Addressing pre-contract enquiries
Where consent is required before sale in Great Stanmore
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Great Stanmore conveyancing firm to act on my behalf?
Most certainly. We can put you in touch with a Great Stanmore conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Great Stanmore property is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case was in relation to 1 flat. The unexpired term was 70.25 years.
What do I do if I am not happy with the lawyer who undertook my conveyancing in Great Stanmore?
We live in an imperfect world, and is is a fact of life that sometimes matters do not go as planned. Nevertheless there is recourse if you were dissatisfied with your conveyancing in Great Stanmore. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If things still aren’t resolved you may consider getting in touch with the Legal Ombudsman.