Completed the sale of my flat in Allenton last March yet the purchaser is whats apping every few hours to say their solicitor needs to hear from mine. What should have happened now that I have sold?
Following your disposal your lawyer is committed to deliver the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. If applicable, your conveyancer must also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There are no post completion steps just for conveyancing in Allenton.
We're in Allenton, First time buyers buying with a mortgage (lender is Skipton , and our lawyer is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I own a semi-detached Edwardian house in Allenton. Conveyancing solicitor represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Allenton and other areas of 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 lenders. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
We're novice buyers - agreed a price, but the agent advised that the seller will only go ahead if we instruct their recommended lawyers as they want a ‘quick sale’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Allenton
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', turning down a serious buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you are chain free (d) you intend to proceed fast (e)but you are going to use your preferred Allenton conveyancing firm - as opposed tothe ones that will provide their estate agent a commission or meet his conveyancing thresholds pre-set by HQ.
Do you have any advice for leasehold conveyancing in Allenton with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Allenton can be reduced where you get in touch lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold information needed by the buyers’ lawyers. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The buyers and their solicitors will be warry about purchasing a property where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. 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 particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over as opposed to unresolved. Many landlords or managing agents in Allenton charge for providing management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most common cause of frustration in leasehold conveyancing in Allenton. You may think that you are aware of the number of years left on your lease but you should double-check by asking your conveyancers. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the lease term is under 80 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Allenton leases often stipulate that internal structural changes or installing wooden flooring require a licence issued by the Landlord acquiescing to such alterations. Where you dont have the paperwork to hand do not communicate with the landlord without checking with your conveyancer in the first instance.
I inherited a 2 bed flat in Allenton, conveyancing was carried out in 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Allenton with an extended lease are worth £176,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2105
With 80 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.