Would the conveyancing lawyers that you recommend perform attended exchange conveyancing in Sutton?
There are a few conveyancing specialists carrying out personalised exchanges. Please contact us to obtain a costs illustration and details as to dates.
My bid for a property was accepted at auction in Sutton. Conveyancing is necessary. What happens now?
Having to in every practical sense signed on the dotted line you must appoint a conveyancing practitioner as a matter of urgency as you now have a fast approaching a fixed date to complete the property. All auction property should have a bespoke legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to leasehold premises. You must pass this on to the solicitor instructed by you as soon as possible. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.
This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Sutton. Do I collect the keys to the premises on the completion date from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Sutton?
On the day of completion you will not be required to go to the conveyancers office in Sutton. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s solicitors, and once they have received this, you will be able to receive the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
I happen to be the single beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Sutton. Conveyancing formalities meant that the Land Registry date was in July. I plan to dispose of the property. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship could be considered the same way as if I'd bought the house in July. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some banks would take a sensible view as this provision is principally there to capture subsales or the flipping of properties.
It has been 4 months since my purchase conveyancing in Sutton concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 find a conveyancing solicitor for residential conveyancing in Sutton. I happened to discover a web site which seems to have the ideal offering If it is possible to get all formalities done via email that would be preferable. Should I be concerned? 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?
I work for a long established estate agent office in Sutton where we see a number of flat sales jeopardised due to leases having less than 80 years remaining. I have received contradictory information from local Sutton conveyancing firms. Could you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser 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 before, or simultaneously with completion of the sale.
An alternative approach is 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 buyer.
I have had difficulty in trying to purchase the freehold in Sutton. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to calculate the price payable.
An example of a Freehold Enfranchisement case for a Sutton premises is Buchanan Court 39 Vernon Road in April 2010. the Tribunal assessed that the premium payable for the freehold of the block should be £44,000. This case related to 2 flats. The unexpired residue of the current lease was 66.67 years.