Having sold my house in Nailsworth last March but the buyer keeps whats apping me complaining that his solicitor is waiting to hear from mine. What should have happened now that I have sold?
After completion of your disposal your lawyer should deliver the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your solicitor should also confirm that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion steps unique to conveyancing in Nailsworth.
I require expedited conveyancing in Nailsworth as I am under an ultimatum to complete inside one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at liberty not to have searches carried out although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Nailsworth the following are instances of issues that can be revealed and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
It has been 3 months since my purchase conveyancing in Nailsworth took place. I have checked the Land Registry website which shows that I paid £200,000 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.
I need to retain a conveyancing solicitor for purchase conveyancing in Nailsworth. I have chance upon a web site which looks to be the perfect offering If there is a chance to get all formalities done via email that would be preferable. 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?
We own a leasehold flat in Nailsworth. Conveyancing was finalised in 2011. I have been told that I should not allow the lease length fall too short. Why is that a problem?
Nailsworth residential long term leases are for a fixed period - usually just under one hundred years when they are first granted. However many flats in Nailsworth were constructed or converted in the 70’s80’s and so such leases now have under eighty years left to run. That may seem like a long time but Banks, Building Societies and other mortgage companies tend to require leases to have at least seventy five years unexpired to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are getting close to seventy five years. To optimize your property value you should be thinking about whether to extend your lease well in advance of selling the property. Furthermore significant benefits to doing so before the lease hits eighty years as when the lease is below eighty years the premium you have to pay to extend starts to escalate.