Do conveyancers ask for money up-front for my conveyancing in Mancot?
Where you are retaining lawyers for conveyancing in Mancot your lawyer will request that you put them with funds to cover the search fees. Generally this is requested to cover the fees of the Local Authority Search. When the deposit is as part of the sale price then this should be asked for shortly in advance of contracts are exchanged. The closing balance that is needed will be payable a few days ahead of the day of completion.
I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Mancot for a purchase of a leasehold apartment 12 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Mancot conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a house in Mancot prior to appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor advised that some banks tend not give a mortgage on such a home.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Mancot. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mancot to see if the conveyancing will be more expensive.
As co-executor for the will of my uncle I am selling a residence in Swansea but live in Mancot. My lawyer (based 200 kilometers from mehas requested that I execute a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Mancot who can witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Mancot
Do you have any top tips for leasehold conveyancing in Mancot from the perspective of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Mancot can be reduced where you instruct lawyers the minute your agents start marketing the property and ask them to collate the leasehold documentation needed by the buyers’ lawyers. A minority of Mancot leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. If you have had any disputes with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to reveal the dispute as historic rather than unsettled. If you hold a share in a the freehold, you should ensure that you are holding the original share certificate. Organising a duplicate share certificate can be a lengthy formality and slows down many a Mancot conveyancing deal. If a duplicate share is needed, do contact the company officers or managing agents (if relevant) for this as soon as possible. In the event that you altered the property did you need the Landlord’s approval? Have you, for example installed wooden flooring? Mancot leases often stipulate that internal structural changes or laying down wooden flooring require a licence issued by the Landlord approving such changes. If you fail to have the paperwork to hand you should not communicate with the landlord without contacting your conveyancer first.
I own a split level flat in Mancot, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar flats in Mancot with a long lease are worth £222,000. The ground rent is £50 yearly. The lease finishes on 21st October 2095
With only 71 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 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 renewing a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should 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 clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.