My partner and I are close to exchanging contracts on the sale of our property in Shanklin and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street Shanklin conveyancer would know this is not the case. It does beg the question why the purchasers used a factory type conveyancing firm rather than a conveyancing solicitor in Shanklin. Having lived in Shanklin for many years we know that this is a non issue. Should we get in touch with our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
How does conveyancing in Shanklin differ for new build properties?
Most buyers of new build or newly converted property in Shanklin approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Shanklin typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Shanklin or who has acted in the same development.
What does commercial conveyancing in Shanklin cover?
Shanklin conveyancing for business premises incorporates a wide array of services, provided by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I need to retain a conveyancing solicitor for sale conveyancing in Shanklin. I've discover a web site which seems to have the ideal answer If there is a chance to get all formalities done via phone that would be preferable. Should I be wary? 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 have just appointed agents to market my 2 bed flat in Shanklin. Conveyancing lawyers have not yet been instructed, but I have just received a quarterly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as usual as all rents and maintenance payments should be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless 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 own a ground floor flat in Shanklin, conveyancing having been completed in 2004. Can you work out an approximate cost of a lease extension? Comparable flats in Shanklin with over 90 years remaining are worth £221,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2091
With just 70 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
When it comes to my conveyancing in Shanklin should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Shanklin conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.