Finally the sale completed on my house in Bridgend last February but my buyer keeps Skype messaging every few hours to say his solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your solicitor is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your solicitor must also confirm that the home loan has been paid off to the buyers lawyers. There is unlikely to be post completion steps specific conveyancing in Bridgend.
My relative advised me that if I am buying in Bridgend I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Bridgend conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Bridgend around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Bridgend Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Bridgend Education with maps and statistics, Local Amenities and other useful information regarding Bridgend.
About to purchase a new build flat in Bridgend. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Bridgend
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Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am using a search engine for the words on line conveyancing in Bridgend it brings up many property lawyersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The ideal way of choosing a suitable conveyancer is through a personal recommendation, so enquire of colleagues and those you trust who have acquired a property in Bridgend or a local estate agent or mortgage broker. Costs for conveyancing in Bridgend differ, so it's a good idea to obtain at least three fee calculations from varying types of conveyancers. Dont forget to clarify that the costs are guaranteed not to escalate.
I today plan to offer on a house that seems to meet my requirements, at a reasonable price which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Bridgend. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
Most houses in Bridgend are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Bridgend so you should seriously consider looking for a Bridgend conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’sconsent to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is part of an estate. Your lawyer will advise you fully on all the issues.
I acquired a split level flat in Bridgend, conveyancing having been completed 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Bridgend with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2089
With only 65 years unexpired we estimate the price of your lease extension to be between £13,300 and £15,400 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other 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.