Finally the sale completed on my house in Ferryhill last November but our buyer keeps telephoning daily to say her solicitor needs to hear from mysolicitor. What should my lawyer have done now that I have sold?
Post completion of your house sale your conveyancer should forward the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your lawyer must also send confirmation that the home loan has been redeemed to the buyers solicitors. There are no post completion procedures peculiar conveyancing in Ferryhill.
We're in Ferryhill, First timers buying with a mortgage (lender is TSB , and our lawyer is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
When it comes to mortgage companies such as Nottingham, do Ferryhill solicitors face a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I am expecting a DIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Ferryhill solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Ferryhill solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I have today made my last payment due on my mortgage with UBS. I assume I don't need a Ferryhill conveyancing practitioner on the UBS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
In searching the web for the term on line conveyancing in Ferryhill it brings up numerous solicitorslocally. With so much choice what is the best way to find the suitable conveyancer for the sale of my house?
The ideal way of seeking a suitable conveyancer is via personal referral, so enquire of friends and those you trust who have acquired a property in Ferryhill or a reputable estate agent or financial adviser. Costs for conveyancing in Ferryhill vary, so it's a good idea to obtain a minimum of three fee calculations from varying types of solicitors. Be sure to seek confirmation what costs in the quote includes.
I am on look out for some leasehold conveyancing in Ferryhill. Before diving in I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Ferryhill - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a leasehold flat in Ferryhill, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Ferryhill with a long lease are worth £211,000. The ground rent is £50 invoiced every year. The lease finishes on 21st October 2094
With 68 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures 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. Please do not move forward based on this information without first seeking the advice of a professional.