Having sold my house in Stone Cross last October yet the purchaser is SMS messaging daily to say their solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your solicitor is duty bound to send the transfer deeds and all of the paperwork to the purchaser's conveyancer. Where appropriate, your solicitor should also evidence that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion formalities unique to conveyancing in Stone Cross.
What does a local search reveal concerning the house my wife and I purchasing in Stone Cross?
Stone Cross conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search is essential in every Stone Cross conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Stone Cross I like with open areas and station in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Stone Cross suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
Am I right to be wary that 3rd parties that I am dealing with are recommending an internet conveyancing firm as opposed to a High Street Stone Cross conveyancing company?
As is the case with many service providers, often recommendations from family and friends can be worth their weight in gold. Nevertheless there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all recommend conveyancers to use. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there is an underlying financial incentive behind the endorsement. You are free to choose your preferred lawyer. Don't forget that the majority of lenders have an approved list of solicitors you have to use for the mortgage related work in your transaction.
We expect to complete our sale of a £300,000 garden flat in Stone Cross next week. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Stone Cross?
Stone Cross conveyancing on leasehold apartments more often than not requires the buyer’s lawyer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to address such questions most will be willing to assist. They may invoice a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is above £800. The management information fee required by the landlord must be sent together with a summary of rights and obligations in respect of administration charges, otherwise the charge is not strictly payable. Reality however dictates that one has little option but to pay whatever is requested of you if you want to exchange contracts with the buyer.
Stone Cross Conveyancing for Leasehold Flats - A selection of Questions you should ask before Purchasing
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Is there a share of the freehold? Who manages the building?
My wife and I have recently appointed a conveyancing solicitor in Stone Cross. I need to find out if they are on the lender's approved list of lawyers. Could you advise?
It’s a good idea call your lawyer and ask them if they are on the bank's panel. Alternatively please call us and we can investigate and revert. Should the firm not be on the bank panel we can certainly arrange a reputable conveyancing solicitor in Stone Cross on the approved list for your mortgage company.