Completed the sale of my flat in Stanmore last April yet the purchaser is e-mailing every few hours to say his lawyer needs to hear from mine. What are the post completion sale formalities following completion?
After completion of your house sale your solicitor is duty bound to send the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your lawyer must also evidence that the mortgage has been repaid to the purchasers lawyers. There are no post completion procedures unique to conveyancing in Stanmore.
What is the best way to discover of the solicitor carrying out my conveyancing in Stanmore is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £175.00 in further conveyancing costs.
Feel free to make use of the find a conveyancing panel solicitor tool on this page. Please choose the mortgage company and type ‘Stanmore’ or your location and you will be presented with a number of lawyer based in Stanmore or near you.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Stanmore I like with a park and station in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Stanmore for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I'm converting the mortgage on my existing house to a BTL loan with Aldermore and intend to use the remaining equity towards further property. The area we are looking at is Stanmore. Will your conveyancers be able to act for the two banks and tie in the transactions?
Make use of our search tool on this page to check that the lawyers are approved by both mortgage companies. On the basis that they are the lawyer will be able to connect the two transactions but you should talk with you conveyancer and specify your expectations and requirements.
I have been sourcing a conveyancing lawyer in Stanmore for my house move. Is it possible to check a firm’s complaints history with the legal regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions resulting from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.
I am attracted to a couple of flats in Stanmore which have approximately 50 years unexpired on the lease term. should I be concerned?
A lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.
I am the registered owner of a garden flat in Stanmore. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to decide the premium.
An example of a Lease Extension decision for a Stanmore property is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case was in relation to 1 flat. The unexpired lease term was 70.25 years.