Completed the sale of my flat in Bradley Stoke last February but my buyer keeps telephoning me to say his solicitor is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
Following your sale your lawyer is duty bound to send the transfer documentation and all of the paperwork to the purchaser's conveyancer. Where appropriate, your lawyer must also confirm that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion requirements unique to conveyancing in Bradley Stoke.
My wife and I have recently appointed a conveyancing solicitor in Bradley Stoke. I I would like to check whether they are accepted on the Barnsley Building Society conveyancing panel. Can you or the lender confirm if they are on the panel?
You should phone your lawyer and ask them whether they are on the lender panel. Otherwise you should call Barnsley Building Society who may be able to help.
Will commercial conveyancing searches reveal planned roadworks that could affect a commercial site in Bradley Stoke?
Many commercial conveyancing solicitors in Bradley Stoke will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Bradley Stoke. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bradley Stoke.
For every commercial conveyancing transaction in Bradley Stoke it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Bradley Stoke commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Bradley Stoke.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Bradley Stoke. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bradley Stoke
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
My husband and I are a fortnight into a freehold purchase having been directed to conveyancers by the high street agent to perform conveyancing in Bradley Stoke. We are not happy. Could you help me find new solicitors?
They would need to be really poor to suggest changing them. Has your loan offer been issued? If so you must make them aware of the new contact details and ensure the mortgage documents are re-issued. Your conveyancer needs to be on the mortgage company panel to avoid supplemental fees and frustration. That should be your starting point. Our search tool can assist you in finding a bank approved conveyancer for your conveyancing in Bradley Stoke
What makes a Bradley Stoke lease unacceptable for security purposes?
There is nothing unique about leasehold conveyancing in Bradley Stoke. All leases are unique and legal mistakes in the legal wording can result in certain provisions are erroneous. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain elements of the building Maintenance charge proportions which don’t add up to the correct percentage
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Bank of Scotland, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.
I invested in buying a leasehold flat in Bradley Stoke, conveyancing formalities finalised 7 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Bradley Stoke with over 90 years remaining are worth £165,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2102
With just 77 years unexpired we estimate the price of your lease extension to range between £7,600 and £8,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other 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 without first seeking the advice of a professional.