Our conveyancer has identified a a problem with the lease for the property we are buying in Aston Clinton. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the lender is happy with this solution. Who is the client here, us or the bank?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. These conveyancing instructions have to be complied with.
I require fast conveyancing in Aston Clinton as I am faced with a deadline to exchange contracts within 2 weeks. Luckily I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are are a cash buyer you are at free not to have searches carried out although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Aston Clinton the following are instances of issues that can arise and adversely affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I acquired my flat on 12 November and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Aston Clinton said it should be formalised in less than a month. Are titles in Aston Clinton uniquely lengthy to register?
As far as conveyancing in Aston Clinton is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timescales can vary according to the party submitting the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. Currently in the region of three quarters of such applications are fully addressed within 12 days but some can be subject to protracted delays. Historically registration is effected after the purchaser is living at the premises so 'speed' is not usually top priority yet if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
Just had an offer accepted on a new build flat in Aston Clinton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Aston Clinton
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Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Is it best to instruct a Aston Clinton conveyancing solicitor who is local to the property I am buying? I have an old university friend who can carry out the conveyancing however her office is over three hundred kilometers away.
The primary upside of using a high street Aston Clinton conveyancing firm is that you can attend the office to sign paperwork, hand in your ID and apply pressure on them if necessary. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that should surpass using an unknown Aston Clinton conveyancing solicitor just because they are round the corner.
I’m about to sell my garden apartment in Aston Clinton. Conveyancing is yet to be initiated, but I have just received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
It best that you clear the invoice as usual because all ground rent and maintenance payments will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Aston Clinton - A selection of Questions you should consider before buying
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How much is the ground rent and service charge? Who takes responsibility for maintaining and repairing the building?