Having sold my house in Penshaw last November yet the purchaser is e-mailing me to say their lawyer needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Following your house sale your lawyer should deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. If applicable, your lawyer must also evidence that the home loan has been discharged to the buyers lawyers. There are no post completion procedures just for conveyancing in Penshaw.
We're in Penshaw, First time buyers purchasing with a mortgage (lender is Coventry BS , and our lawyer is on the Coventry BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Coventry BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
We are purchasing a house in Penshaw. It might be a silly question but how we can trust a lawyer? On completion day we will need to deposit money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Penshaw solicitors on the Principality conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Principality approved list of solicitors they would need to be regulated by the SRA. Some lenders do permit licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
We were going to get a DIP from RBS 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 RBS recommend any Penshaw solicitors on the RBS conveyancing panel, or is it better to go independently?
You will need to appoint Penshaw solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I have justdiscovered that Stirling Law have been shut down. They conducted my conveyancing in Penshaw for a purchase of a freehold house 10 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest method to check 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 Penshaw conveyancing specialists.
My step-father has encouraged me to instruct his conveyancing solicitors in Penshaw. Should I use them?
There are no two ways about it the ideal way to select a conveyancing lawyer is to seek referrals from friends or family who have previously instructed the firm that you are considering.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Penshaw. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
The majority of houses in Penshaw are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Penshaw in which case you should be looking for a Penshaw conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer will appraise you on the various issues.
I own a 2 bed flat in Penshaw, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Penshaw with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease terminates on 21st October 2088
With only 62 years unexpired the likely cost is going to range between £17,100 and £19,800 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.