Is it realistic for conveyancing in Wollaton to be done within two weeks?
In the event that you are under a tight deadline for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will make use of local relationships and knowledge. It is possible that they may have handled otherproperties in the same neighbourhood. You would be best advised to use a Wollaton conveyancing lawyer. In addition, make sure that the conveyancing firm is on the lender panel. It is understood that nearly one in five of Wollaton conveyancing deals are frustrated or derailed after discovering a purchaser’s conveyancer was not on their banks member panel. This can often result in the conveyancing being held up by as much as three weeks. It is claimed that this issue impacts in the region of one hundred thousand home moves every year. Almost all Wollaton conveyancing firms can not act for certain banks so do check at the outset.
What is the best way to check that the solicitor handling my conveyancing in Wollaton is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Nationwide Building Society thus spending £175.00 in further conveyancing bill.
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the lender and type ‘Wollaton’ or your location and you will discover a number of lawyer based in Wollaton or nearest you.
We are selling our home in Wollaton and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a national conveyancing firm rather than a conveyancing solicitor in Wollaton. Having lived in Wollaton for 5 years we know of no issue. Is it a good idea to contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
It has been four months since my purchase conveyancing in Wollaton completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 property 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've recently bought a leasehold house in Wollaton. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a studio flat in Wollaton, conveyancing having been completed December 2001. Can you work out an approximate cost of a lease extension? Corresponding flats in Wollaton with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease finishes on 21st October 2086
You have 66 years left to run the likely cost is going to be between £12,400 and £14,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.