Finally the sale completed on my house in Langford last June yet the purchaser is texting every few hours complaining that their solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Following your sale your solicitor is committed to send the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers conveyancers. There is unlikely to be post completion tasks just for conveyancing in Langford.
If you had a top tip for selecting a conveyancing solicitor in Langford what would it be?
We would encourage you not to go for the lowest Langford conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. 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 ahead of the deal.
My stepmother advised me that in purchasing a property in Langford there could be a number of restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Langford which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Langford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Two weeks ago we had a mortgage agreed in principle with Santander. Langford conveyancing solicitors were instructed. How long does it take for Santander to issue the offer to the property lawyer?
Some lenders take longer than others. Have Santander completed the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
What can a local search tell me regarding the house we're purchasing in Langford?
Langford conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search is essential in every Langford conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Me and my brother purchased a renovated Victorian property in Langford. Conveyancing lawyer represented me and Birmingham Midshires. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Birmingham Midshires to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be 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 Langford 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 lenders. You can also question the position with your conveyancing solicitor who carried out the work.
I am looking at a two maisonettes in Langford which have approximately fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Langford. The lease is a right to use the property for a period of time. As the lease gets shorter the value of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this field.
I inherited a 1 bedroom flat in Langford, conveyancing formalities finalised February 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Langford with an extended lease are worth £227,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2091
You have 71 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.