Completed the sale of my flat in Ackworth last November but the buyer keeps Skype messaging every few hours complaining that her lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your solicitor is committed to deliver the transfer documentation and all of the paperwork to the purchaser's lawyers. If applicable, your lawyer must also send confirmation that the home loan has been redeemed to the purchasers solicitors. There is unlikely to be post completion requirements just for conveyancing in Ackworth.
The Ackworth conveyancing solicitors that I appointed last week on my purchase in Ackworth have suddenly shut down. I chose them because I had to have a solicitor on the Aldermore conveyancing panel and my previous Ackworth lawyer was not. I cut them a cheque for £250 in advance. What do I do now?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
A relative advised me that if I am purchasing in Ackworth I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Ackworth conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Ackworth around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Ackworth Education with plans and statistics, Local Amenities and other useful information concerning Ackworth.
4 months have elapsed following my purchase conveyancing in Ackworth concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a property in Ackworth prior to instructing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some banks tend refuse to grant a loan on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Ackworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ackworth to see if the conveyancing costs will increase in light of this.
I today plan to offer on a house that appears to tick a lot of boxes, at a great figure which is making it more attractive. I have just been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Ackworth. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Ackworth ?
Most houses in Ackworth are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Ackworth so you should seriously consider looking for a Ackworth conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your solicitor should appraise you on the various issues.
Ackworth Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
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If a Ackworth lease has no more than eighty years it will affect the salability of the property. Check with your lender that they are happy with the length of the lease. Leases with fewer than 80 years remaining means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this will be. For most Ackworthlease extensions you would need to own the property for two years before you are legally able to extend the lease. Does the lease have onerous restrictions? It is important to be aware whether fixing the lift or some other significant cost is pending that will be shared amongst the leasehold owners and will dramatically increase the the service fees or require a one time payment.