At what point can the exchange of contracts occur in sale conveyancing in Melbourne and do I need to be at the conveyancers branch?
If you are local to our conveyancing solicitors in Melbourne you are invited in to sign documents. That being said, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you electronically. The executing of the purchase agreement is not the important part. Signing on the dotted line simply enables the firm to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Melbourne)to be in the office available at the end of the phone to exchange contracts.
Our lender has suggested solicitors on their panel based in Melbourne but I would rather use a conveyancing lawyer in Melbourne round the corner to me. Are you able to assist?
It is by no means the case that all Melbourne conveyancing practices are on all lender’s conveyancing panel. Please make use of the above search tool to find a Melbourne conveyancing solicitor on the on the lender panel.
Just had an offer accepted on a new build apartment in Melbourne. 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 legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Melbourne
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
Due to the guidance of my in-laws I had a survey completed on a house in Melbourne before retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend not grant a loan on such a home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Melbourne. Conveyancing will be smoother if you use a solicitor in Melbourne especially if they are accustomed to such properties in Melbourne.
Back In 2002, I bought a leasehold flat in Melbourne. Conveyancing and Lloyds TSB Bank mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Melbourne who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to make sure that this person is indeed the new freeholder. You do not need to instruct a Melbourne conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a studio flat in Melbourne, conveyancing was carried out in 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Melbourne with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2084
With only 62 years remaining on your lease we estimate the price of your lease extension to be between £17,100 and £19,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously 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.