Have completed on a a terraced house in Faringdon , how long will it take for the Land Registry to register the transfer to my name? My Faringdon conveyancing solicitor has been very slow, so I want to be sure the registration formalities are addressed.
As far as conveyancing in Faringdon is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any interested parties. As of today in the region of 80% of such applications are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Historically registration takes place once the buyer is living at the property thus registration formalities is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Faringdon is the location of the property. Is there any guidance you can impart?
Flying freeholds in Faringdon are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Faringdon you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Faringdon may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How difficult is it to switch firm as I have to choose a firm on the The Royal Bank of Scotland conveyancing list. I hired a local conveyancing solicitor in Faringdon round the corner but the firm is not approved by The Royal Bank of Scotland
It would be our pleasure to help you select a conveyancing solicitor in Faringdon on the The Royal Bank of Scotland panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Faringdon. Using the find a conveyancing solicitor tool on this website, you can contrast fees for conveyancing solicitors in Faringdon and throughout England and Wales.
I need to retain a conveyancing solicitor for sale conveyancing in Faringdon. I have stumble across a site which looks to be the perfect answer If there is a chance to get all formalities done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Estate agents have just been given the go-ahead to market my basement flat in Faringdon. Conveyancing has not commenced, but I have just received a quarterly service charge invoice – what should I do?
The sensible thing to do is discharge the service charge as usual given that all rents and service payments should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a 1st floor flat in Faringdon, conveyancing having been completed in 2010. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Faringdon with a long lease are worth £202,000. The average or mid-range amount of ground rent is £55 levied per year. The lease terminates on 21st October 2080
With only 56 years unexpired we estimate the price of your lease extension to span between £29,500 and £34,000 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.