At what point does exchange of contracts take place for sale conveyancing in Pontefract and do I need to be at the solicitors branch?
If you are in close proximity to one of the conveyancing solicitors in Pontefract you are welcome to attend to sign contracts. That being said, the law practices we recommend offer a nationwide conveyancing service and provide as equally detailed and professional a job for you when dealing with you electronically. The signing of the property agreement is not the critical part. Signing on the dotted line is necessary for the firm to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Pontefract)to be in the office at the appropriate time.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Pontefract. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/2/2019, the requirements read as follows :
I have been told that property searches are the main reason for obstruction in Pontefract conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Pontefract.
Are there restrictive covenants that are commonly picked up during conveyancing in Pontefract?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Pontefract. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Back In 2008, I bought a leasehold house in Pontefract. Conveyancing and HSBC Bank mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Pontefract who acted for me is not around. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Pontefract conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I bought a garden flat in Pontefract, conveyancing formalities finalised May 2012. How much will my lease extension cost? Corresponding properties in Pontefract with over 90 years remaining are worth £260,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2094
With only 75 years unexpired the likely cost is going to range between £8,600 and £9,800 plus costs.
The figure 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 investigations. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.