Completed the sale of my flat in Crouch End last October yet the purchaser is whats apping daily complaining that their solicitor needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?
After completion of your disposal your lawyer is obliged to deliver the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor should also send confirmation that the legal charge in favour of the lender has been paid off to the buyers solicitors. There is unlikely to be post completion steps just for conveyancing in Crouch End.
It has been five months since my purchase conveyancing in Crouch End concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Crouch End differ for newly converted properties?
Most buyers of new build property in Crouch End come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Crouch End typically buy the land, 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 conveyancing solicitors 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 Crouch End or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Crouch End I like with open areas and station in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Crouch End for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
In sourcing the internet for the term cheap conveyancing in Crouch End it reveals numerous conveyancersin the vicinity. With so much choice what is the best way to find the right solicitor for the sale of my house?
The best method of seeking the right conveyancer is via personal recommendation, so enquire of friends and those you trust who have bought a property in Crouch End or the reputable estate agent or mortgage broker. Charges for conveyancing in Crouch End differ, so it's advisable to request at least three estimates from different law firms. Dont forget to clarify that the costs are assured not to to be inflated.