Having sold my house in Long Stratton last September yet the purchaser is telephoning daily to say their solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your solicitor is obliged to deliver the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. If applicable, your solicitor must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion requirements unique to conveyancing in Long Stratton.
We're in Long Stratton, First time buyers buying with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner 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.
A relative recommended that where I am purchasing in Long Stratton I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your Long Stratton conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Long Stratton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Long Stratton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Long Stratton.
Due to the guidance of my in-laws I had a survey completed on a property in Long Stratton before instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some banks tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Long Stratton. Conveyancing will be smoother if you use a solicitor in Long Stratton especially if they regularly deal with such properties in Long Stratton.
What tools are available to locate a Long Stratton solicitor on the Birmingham Midshires conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a bank and your location and you will see a number of Long Stratton conveyancing lawyers based on proximity. We have detailed some Long Stratton conveyancing firms at the bottom of this page and you can contact them to check if they are on the Birmingham Midshires panel
I’m about to sell my garden flat in Long Stratton. Conveyancing is yet to be initiated, however I have recently had a quarterly service charge demand – what should I do?
It best that you pay the maintenance contribution as normal as all rents and service payments will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I invested in buying a 2 bed flat in Long Stratton, conveyancing having been completed in 2011. How much will my lease extension cost? Similar properties in Long Stratton with an extended lease are worth £191,000. The ground rent is £55 levied per year. The lease expires on 21st October 2078
With 54 years left to run we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.