Finally the sale completed on my house in Abergavenny last May yet the purchaser is SMS messaging me complaining that their conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your disposal your solicitor should deliver the transfer documentation and all of the paperwork to the buyer’s conveyancer. Where relevant, your solicitor must also confirm that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There is unlikely to be post completion requirements specific conveyancing in Abergavenny.
Our mortgage company has recommended a law firm on their panel based in Abergavenny but I would rather instruct a conveyancing lawyer in Abergavenny round the corner to me. Can you help?
The minority of Abergavenny conveyancing practices are listed all banks conveyancing panel. Do make use of our search tool to find a Abergavenny conveyancing solicitor on the on the mortgage company panel.
I own a 4 bedroom Edwardian house in Abergavenny. Conveyancing solicitor represented me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review 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 Abergavenny and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who carried out the work.
Is it possible to change firm as I need to find one who is on the Accord Mortgages Ltd conveyancing panel. I instructed a local conveyancing solicitor in Abergavenny round the corner but he is not accepted by Accord Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Abergavenny on the Accord Mortgages Ltd panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the SRA who regulate all conveyancing solicitors in Abergavenny. In utilising search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Abergavenny.
Can you provide any advice for leasehold conveyancing in Abergavenny with the intention of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Abergavenny can be reduced where you instruct lawyers as soon as your agents start marketing the property and ask them to put together the leasehold information which will be required by the buyers’ lawyers. The majority of freeholders or managing agents in Abergavenny levy fees for supplying management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Abergavenny. A minority of Abergavenny leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If you hold a share in a the freehold, you should ensure that you hold the original share certificate. Arranging a replacement share certificate can be a lengthy formality and slows down many a Abergavenny conveyancing deal. Where a reissued share certificate is needed, you should approach the company director and secretary or managing agents (if relevant) for this at the earliest opportunity. If there is a history of any disputes with your freeholder or managing agents it is essential that these are settled prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to ongoing.
I bought a studio flat in Abergavenny, conveyancing formalities finalised in 2010. Can you work out an approximate cost of a lease extension? Comparable flats in Abergavenny with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ends on 21st October 2080
With only 61 years unexpired we estimate the premium for your lease extension to range between £19,000 and £22,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.