We are about to sign contracts for a ground floor flat in Staindrop. We have hit a problem. Our mortgage offer with Coventry Building Society runs out on 11/9/2019 but the owners are putting forward a completion date of 13/9/2019. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your question is your conveyancer who is in a position to determine if he or she is corresponding with the mortgage company, owner’s conveyancers, property agents or possibly all three based on the circumstances your conveyancing to date.
Just bought a detached house in Staindrop , how long will it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Staindrop conveyancing solicitor works at snail pace, so I want to check the registration formalities are concluded.
There is nothing unique when it comes to conveyancing in Staindrop registration formalities. As opposed to being determined by geographic area, timeframes can adjust depending on who lodges the application, whether there are errors and if the Land registry need to notify any other parties. Currently approximately three quarters of such applications are fully addressed in less than three weeks but occasionally there can be extensive delays. Registration is effected after the new owner has moved in to the property therefore an expedited registration is not typically top priority but if it is urgent that the the registration takes place urgently then you or your lawyers could contact the land registry and explain the circumstances.
I am 17 days into a freehold purchase having been recommend to conveyancers by the high street agent to execute conveyancing in Staindrop. I am am very disappointed with the quality of service. Can you you assist me in finding new lawyers?
A lawyer would need to be really poor to suggest diss instructing them. Has the mortgage offer been generated? If so you must advise them of the new contact details and ensure the offer are re-sent. Your solicitor ideally needs to be on the banks approved list to avoid supplemental fees and delays. That should be your first question of the new lawyers. Our find a solicitor tool will help you find a bank approved solicitor for your home move in Staindrop
Due to sign contracts shortly on a garden flat in Staindrop. Conveyancing solicitors assured me that they report fully within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Staindrop should include some of the following:
Responsibility for repairing the window frames Where does the liability rest to repair and maintain the building. It is essential that you know who is duty bound to repair and maintenance of every part of the building You should know whether the lease permits you to add or improve anything in the flat- you must be made aware as to whether any restrictions applies to all alterations or just structural alteration, and whether consent is required Repair and maintenance of the premises How long the lease is. You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark
I invested in buying a 1st floor flat in Staindrop, conveyancing was carried out in 2001. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Staindrop with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2071
With only 52 years left to run the likely cost is going to be between £29,500 and £34,000 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
Estate agents have just been given the go-ahead to market my ground floor apartment in Staindrop.Conveyancing is yet to be initiated but I have recently had a half-yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as you normally would because all ground rent and service payments will be apportionedon completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process