Finally the sale completed on my house in Queensferry last August yet the purchaser is whats apping daily to say her lawyer is waiting to hear from myconveyancer. What should have happened now that I have sold?
Following your house sale your solicitor is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's solicitors. Where relevant, your lawyer should also send confirmation that the mortgage has been repaid to the purchasers solicitors. There are no post completion steps unique to conveyancing in Queensferry.
Do commercial conveyancing searches disclose impending roadworks that could impact a commercial premises in Queensferry?
Many commercial conveyancing solicitors in Queensferry will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Queensferry. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Queensferry.
For each commercial conveyancing transaction in Queensferry it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Queensferry commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Queensferry.
I have justbecome aware that Wolstenholmes have been shut down. They conducted my conveyancing in Queensferry for a purchase of a leasehold flat 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Queensferry conveyancing specialists.
I am buying a new build house in Queensferry benefiting from help to buy. The builders would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not inform my lawyer about this side-deal as it may put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am tempted by the attractive purchase price for a two apartments in Queensferry both have approximately 50 years remaining on the lease term. Do I need to be concerned?
There are plenty of short leases in Queensferry. The lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this area.
I bought a 2 bed flat in Queensferry, conveyancing formalities finalised 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Queensferry with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease expires on 21st October 2093
With only 74 years left to run the likely cost is going to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.