Having sold my house in Nether Stowey last May but my buyer keeps telephoning daily to moan that her solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor is committed to forward the transfer deeds and all additional paperwork to the buyer’s lawyers. If applicable, your solicitor should also confirm that the mortgage has been repaid to the buyers conveyancers. There are no post completion procedures peculiar conveyancing in Nether Stowey.
I am looking for a flat up to £195,000 and identified one round the corner in Nether Stowey I like with open areas and transport links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Nether Stowey in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I'm remortgaging my existing home to a buy to let loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a down payment on further property. The area we are talking about is Nether Stowey. Will your solicitors be able to act for the two lenders and tie in the transactions?
Do use our search tool on this site to ensure that the conveyancers are on the relevant lender panels. Assuming that they are your conveyancer should be able to connect the two deals but you should talk with you conveyancer and make clear your expectations and requirements.
Having had my offer accepted I require leasehold conveyancing in Nether Stowey. Before diving in I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Nether Stowey - 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 bought a ground floor flat in Nether Stowey, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Nether Stowey with over 90 years remaining are worth £211,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2092
With 67 years unexpired we estimate the premium for your lease extension to span between £10,500 and £12,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
Do I have to pop into the offices of the lender conveyancing panel solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Nether Stowey so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for the bank undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Nether Stowey. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.