Having sold my house in Kingstanding last May yet the purchaser is Skype messaging every few hours to moan that his conveyancer needs to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your conveyancer should send the transfer documentation and all additional paperwork to the buyer’s solicitors. Where relevant, your solicitor must also send confirmation that the home loan has been discharged to the buyers conveyancers. There is unlikely to be post completion steps specific conveyancing in Kingstanding.
There is lots of information on this site regarding conveyancing in Kingstanding but what is your top tip for finding the right conveyancer in Kingstanding
Do not opt for the cheapest Kingstanding conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Forgive me if this question is silly but I am wet behind the ears as FTB of a ground floor flat in Kingstanding. Do I receive the keys to the property on completion from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Kingstanding?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the seller's solicitors, and once they have received this, you will be invited to collect the keys from the Estate Agents and move into your new home. Usually this occurs early afternoon.
When it comes to lenders such as Clydesdale, do Kingstanding property lawyers face a fee to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Will my conveyancer be raising enquiries about flooding as part of the conveyancing in Kingstanding.
The risk of flooding is if increasing concern for lawyers dealing with homes in Kingstanding. There are those who purchase a house in Kingstanding, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, however there are a various searches that can be undertaken by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Kingstanding. The standard completed inquiry forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the vendor to determine whether the premises has historically flooded. In the event that flooding has previously occurred and is not notified by the owner, then a buyer may issue a compensation claim as a result of such an incorrect answer. A buyer’s lawyers may also order an environmental search. This should indicate whether there is any known flood risk. If so, further investigations should be conducted.
My wife and I own a terraced Edwardian house in Kingstanding. Conveyancing solicitor represented me and TSB. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same address. Is it worth asking TSB to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Kingstanding and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing practitioner who conducted the purchase.
I am tempted by the attractive purchase price for a couple of apartments in Kingstanding both have approximately 50 years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Kingstanding. The lease is a right to use the premises for a period of time. As a lease shortens the value of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.
I own a leasehold flat in Kingstanding, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Corresponding flats in Kingstanding with over 90 years remaining are worth £260,000. The ground rent is £45 yearly. The lease runs out on 21st October 2093
You have 74 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.