Having sold my house in Swavesey last February yet the purchaser is Skype messaging every few hours to say their conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your disposal your solicitor should deliver the transfer deeds and all additional paperwork to the purchaser's lawyers. If applicable, your solicitor must also confirm that the home loan has been discharged to the purchasers lawyers. There are no post completion formalities specific conveyancing in Swavesey.
Is it necessary during the course of the conveyancing process to visit the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Swavesey so that I can attend their offices if necessary.
These days conveyancing panel lawyers for lenders carry out their communications via Royal Mail, e-mail or over the phone. This enables them to conduct the conveyancing transaction no matter where you live in England or Wales. Nevertheless you should check if you have the option of visiting the offices of your conveyancing lawyer if just in case this is required.
I am looking for a flat up to £305k and identified one round the corner in Swavesey I like with a park and transport links nearby, the downside is that it only has 61 years on the lease. There is not much else in Swavesey suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
All being well we will complete the disposal of our £325,000 maisonette in Swavesey next Monday. The freeholder has quoted £336 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Swavesey?
Swavesey conveyancing on leasehold apartments typically involves fees being invoiced by managing agents :
Answering conveyancing due diligence questions
Where consent is required before sale in Swavesey
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Swavesey Leasehold Conveyancing - Examples of Questions you should consider before buying
You should be aware that where the lease has less than eighty years it will have adverse implications on the salability of the property. It is worth checking with your lender that they are content with the length of the lease. Leases with less than 80 years remaining means that you will probably require a lease extension sooner rather than later and it is worth finding out what this will be. Remember, in most cases you would need to own the premises for a couple of years in order to be entitled to extend the lease. How much is the maintenance charge and ground rent on the property?
I am buying a leasehold maisonette in Swavesey. Conveyancing quotes are coming in at around £1650. Is that in the right ballpark?
The average cost in 2014 for conveyancing in Swavesey was just under one thousand five hundred pounds excluding Land Tax and HM Land Registry charges.