Finally the sale completed on my house in Cambridgeshire last June but our buyer keeps telephoning every few hours to moan that his lawyer is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
After completion of your house sale your lawyer should send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor must also confirm that the home loan has been repaid to the buyers conveyancers. There are no post completion formalities unique to conveyancing in Cambridgeshire.
I am looking for a ground for flat up to £235,500 and identified one close by in Cambridgeshire I like with amenity areas and transport links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Cambridgeshire for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
Are there any apps to help search for a Cambridgeshire law firm on the TSB conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the search on this page. Please choose the bank and your location and you will see a number of Cambridgeshire conveyancing lawyers located nearest you. We have detailed some Cambridgeshire conveyancing firms at the bottom of this page and you can call them to verify whether they are on the TSB member panel
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Cambridgeshire. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Cambridgeshire ?
The majority of houses in Cambridgeshire are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Cambridgeshire so you should seriously consider looking for a Cambridgeshire conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your solicitor will report to you on the legal implications.
I acquired a leasehold flat in Cambridgeshire, conveyancing was carried out 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Cambridgeshire with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 per annum. The lease terminates on 21st October 2090
You have 71 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
The conveyancing solicitors handling our conveyancing in Cambridgeshire has forwarded documents to review that show the land is unregistered with epitome documents. How can it be that the property not registred at the Land Registry?
Whilst most properties in Cambridgeshire are now registered with the Land Registry there are still some that remain unregistered. Any property in Cambridgeshire that has been purchased since the late 1980’s will have been registered at the HMLR under the compulsory ‘first registration’ scheme. However, if a Cambridgeshire property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Cambridgeshire conveyancing lawyers should be capable of dealing with such matters but in the event that uncertainty prevails the conventional recommendation these days is for the seller’s conveyancer to address the registration formalities first and then deal with the disposal - this will have a knock on effect to result in a significant delay.