Finally the sale completed on my house in Rendlesham last February yet the purchaser is SMS messaging me complaining that his conveyancer needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer should forward the transfer deeds and all additional paperwork to the purchaser's lawyers. Where appropriate, your lawyer must also evidence that the mortgage has been discharged to the buyers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Rendlesham.
I used Action Conveyancing several years past for my conveyancing in Rendlesham. I now require my papers but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rendlesham of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Rendlesham with a mortgage from National Westminster Bank. The builders would not reduce the price so I negotiated £7000 of extras instead. The sale representative suggested that I not to tell my solicitor about this deal as it could affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently bought a leasehold property in Rendlesham. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, 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 1 bedroom flat in Rendlesham, conveyancing having been completed in 2009. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Rendlesham with over 90 years remaining are worth £227,000. The ground rent is £50 invoiced every year. The lease ends on 21st October 2097
With just 72 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
I need to assess costs for conveyancing in Rendlesham from numerous solicitor and appoint one. Do I ask them to sit tight until I I have my bid accepted on a apartment.
You should only get your conveyancing practitioner to commence work and submit searches once the sales memo has been sent by the estate agent particularly as Rendlesham conveyancing searches are not inexpensive.