My flat in Wolsingham is up for sale and I have accepted an offer. Will my conveyancer have to be required to be on the Clydesdale conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Clydesdale conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
What will a local search tell me concerning the house my wife and I purchasing in Wolsingham?
Wolsingham conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search plays a central part in most Wolsingham conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
Taking into account that I am about to part with 450k on a two bedroom apartment in Wolsingham I wish to have a conversation with the lawyer regarding thehome move ahead of appointing the firm. Can this be arranged?
This is something that we encourage - we would be delighted to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your property ownership legalities in Wolsingham.There is no ‘factory style conveyancing’ - each client is unique person, not a file number. The solicitors that we put you in touch with believe that the figure you are quoted for your conveyancing in Wolsingham should be the amount on the final invoice that you end up paying.
I am employed by a busy estate agent office in Wolsingham where we see a number of flat sales jeopardised due to short leases. I have received inconsistent advice from local Wolsingham conveyancing solicitors. Could you shed some light as to whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I acquired a split level flat in Wolsingham, conveyancing was carried out 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Wolsingham with an extended lease are worth £170,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2103
With 78 years left to run we estimate the price of your lease extension to range between £7,600 and £8,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Why can I not complete our conveyancing in Wolsingham on a public holiday?
This is due to the fact that on completion the money will be transferred electronically between the banks of the purchaser and owner’s solicitor and currently this can only take place on a working day. So you can't complete on a saturday or sunday either.