Completed the sale of my flat in Resolven last January but my buyer keeps telephoning every few hours to moan that their conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
After completion of your house sale your lawyer is obliged to send the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also evidence that the mortgage has been redeemed to the purchasers solicitors. There is unlikely to be post completion requirements peculiar conveyancing in Resolven.
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would much rather appoint a local conveyancing solicitor in Resolven?
You should check but the the probability is that appoint one of their panel solicitors should you accept the "fee-free" offer. Call the lender and check if they allow a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Resolven.
I used Wolstenholmes several years ago for my conveyancing in Resolven. Now, I need my documents but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Resolven of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey done on a house in Resolven before retaining conveyancers. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some banks will refuse to issue a loan on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Resolven. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Resolven to see if the conveyancing will be more expensive.
I am a negotiator for a busy estate agent office in Resolven where we have experienced a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given conflicting advice from local Resolven conveyancing firms. Please can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a garden flat in Resolven, conveyancing was carried out 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Resolven with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2080
With 62 years unexpired we estimate the premium for your lease extension to range between £17,100 and £19,800 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.