Completed the sale of my flat in Kirkby last September but our buyer keeps SMS messaging daily complaining that their solicitor needs to hear from myconveyancer. What should my lawyer have done following completion?
After completion of your disposal your lawyer is obliged to send the transfer deeds and all additional paperwork to the purchaser's conveyancer. Where relevant, your lawyer should also send confirmation that the mortgage has been redeemed to the buyers conveyancers. There are no post completion requirements unique to conveyancing in Kirkby.
We are planning to buy with Melton Mowbray Building Society. We have called around locally yet am unable to find a Kirkby conveyancing firm on the Melton Mowbray Building Society approved list. Please you help?
Please do take advantage of the search tool on this page. Please choose the mortgage company and type Kirkby or your preferred area and you will discover numerous solicitors based in Kirkby or by proximity to you.
3 months have elapsed since my purchase conveyancing in Kirkby completed. I have checked the Land Registry site which shows that I paid £150,000 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 residence 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.
The estate agent has sent us the confirmation of our purchase of a new build flat in Kirkby. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Kirkby
Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I work for a busy estate agency in Kirkby where we have experienced a few flat sales put at risk as a result of short leases. I have been given contradictory information from local Kirkby conveyancing solicitors. Can you confirm whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a 1 bedroom flat in Kirkby, conveyancing having been completed 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Kirkby with over 90 years remaining are worth £265,000. The ground rent is £50 yearly. The lease runs out on 21st October 2095
You have 76 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
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 without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.