Completed the sale of my flat in Crook last April yet the purchaser is texting every few hours complaining that his lawyer is waiting to hear from myconveyancer. What should my lawyer have done now that I have sold?
Following your house sale your lawyer should send the transfer documentation and all additional paperwork to the purchaser's solicitors. If applicable, your lawyer should also evidence that the legal charge in favour of the lender has been redeemed to the buyers conveyancers. There are no post completion formalities unique to conveyancing in Crook.
Do I need to attend the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Crook so that I can attend their offices when needed.
Most approved lawyers for mortgage companies conduct their communications through the post, internet or over the phone. This enables them to carry out the conveyancing transaction regardless of where you live in England or Wales. That being said you can check if you have the option of going to the offices of your conveyancing lawyer if you prefer.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The conveyancers who dealt with the conveyancing in Crook 10 years ago are no longer around. What do I do?
These day there are duplicates made of almost everything, and your conveyancer will be aware precisely where to find all the appropriate documentation so you may buy or dispose of your house without a hitch. Where copies can’t be located, your conveyancer can put in place insurance or indemnities protecting you against possible claims on the premises.
How does conveyancing in Crook differ for newly converted properties?
Most buyers of new build premises in Crook come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Crook typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Crook or who has acted in the same development.
I am looking at a two apartments in Crook both have about 50 years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in Crook. The lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the marketability of the lease reduces and it becomes more expensive to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.
I am the registered owner of a 1 bedroom flat in Crook, conveyancing was carried out September 2003. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Crook with an extended lease are worth £181,000. The ground rent is £55 levied per year. The lease expires on 21st October 2070
With only 51 years remaining on your lease we estimate the premium for your lease extension to span between £30,400 and £35,200 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.