Completed the sale of my flat in Mersea Island last September but the buyer keeps calling me to say their conveyancer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your sale your solicitor should send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Where relevant, your solicitor should also confirm that the legal charge in favour of the lender has been discharged to the buyers solicitors. There are no post completion tasks specific conveyancing in Mersea Island.
We are purchasing a property and the solicitor has mentioned Chancel Repair to which the property could be obligated to pay given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly required for conveyancing in Mersea Island
Unless a previous purchase of the house took place post 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in Mersea Island to continue to propose a a chancel search and or insurance against a claim.
About to purchase a new build flat in Mersea Island. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Mersea Island
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants.
I need to appoint a conveyancing solicitor for sale conveyancing in Mersea Island. I have land on a web site which looks to be the perfect offering If it is possible to get all the legals done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my garden flat in Mersea Island. Conveyancing has not commenced, but I have recently had a half-yearly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is pay the maintenance contribution as normal as all ground rent and service invoices should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies 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. This will smooth the conveyancing process.
I purchased a studio flat in Mersea Island, conveyancing formalities finalised 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Mersea Island with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2091
With just 70 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 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 advice on the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.
I have just started marketing my ground floor apartment in Mersea Island.Conveyancing has not commenced however I have recently received a yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all ground rent and maintenance payments should be allottedon completion, so you will be reimbursed by the buyer 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. This will smooth the conveyancing process