Having sold my house in St Mawes last October but the buyer keeps Skype messaging every few hours to say their solicitor needs to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your sale your solicitor is committed to forward the transfer documentation and all of the paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also confirm that the mortgage has been redeemed to the buyers conveyancers. There are no post completion steps peculiar conveyancing in St Mawes.
A colleague suggested that if I am buying in St Mawes I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your St Mawes conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about St Mawes around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local 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 data about St Mawes.
I have a semi-detached Georgian house in St Mawes. Conveyancing lawyer acted for me and Birmingham Midshires. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in St Mawes and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing lawyer who completed the work.
I'm purchasing a new build house in St Mawes with the aid of help to buy. The developers would not reduce the price so I negotiated 6k of extras instead. The property agent suggested that I not disclose to my lawyer about this side-deal as it will impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £235,500 and found one close by in St Mawes I like with a park and transport links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in St Mawes suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
Back In 2007, I bought a leasehold house in St Mawes. Conveyancing and National Westminster Bank mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in St Mawes who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. There is no need to instruct a St Mawes conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a studio flat in St Mawes, conveyancing was carried out April 2004. How much will my lease extension cost? Equivalent properties in St Mawes with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ends on 21st October 2093
You have 70 years unexpired we estimate the price of your lease extension to span between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.