Finally the sale completed on my house in Bridgnorth last May but my buyer keeps whats apping every few hours complaining that her solicitor needs to hear from myconveyancer. What should my lawyer have done now that I have sold?
Post completion of your disposal your lawyer is obliged to send the transfer documentation and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer must also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There are no post completion requirements just for conveyancing in Bridgnorth.
About to place an offer on a leasehold property in Bridgnorth. The estate agents tell me that it is the norm for flats in Bridgnorth to have less than 75 years remaining. I am getting a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/12/2024 the requirements read as follows :
My bid for a property was accepted at auction in Bridgnorth. Conveyancing is needed. What are my next steps?
Now that you have legally bound yourself to purchase you should instruct a conveyancing solicitor quickly as you are facing a tight deadline in which to complete the deal. All auction property should have an associated legal pack. This will include most,if not all of the documents that your solicitor will need. If you have purchased leasehold property the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You should hand this to the solicitor instructed by you at the earliest opportunity. Do make sure that you have funds organised to complete on the date specified in the contract.
This question may be naive but I am new to the home moving as a 1st time buyer of a two bedroom flat in Bridgnorth. Do I collect the keys to the house on completion from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Bridgnorth?
On the day of completion you do not need to go to the conveyancers office in Bridgnorth. Your solicitors will transfer the completion advance to the seller's conveyancers, and once they have received this, you will be called to collect the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
I am selling my house. I had a double glazing fitted in August 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Lloyds are being difficult. The Bridgnorth solicitor who is on the Lloyds conveyancing panel is saying indemnity insurance will be fine but Lloyds are requiring a building regulation certificate. Why do Lloyds have a conveyancing panel if they don't accept advice from them?
It is probably the case that Lloyds have referred the matter to their valuer. The reason why Lloyds may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly picked up during conveyancing in Bridgnorth?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bridgnorth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Bridgnorth I like with open areas and railway links nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Bridgnorth in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Are there any apps to assist me to identify a Bridgnorth law firm on the Coventry Building Society conveyancing panel? I have wheels and am prepared to travel upto 20miles to meet the solicitor.
You can use the search on this page. Please pick a mortgage company and your location and you will see a number of Bridgnorth conveyancing lawyers locally. We have detailed some Bridgnorth conveyancing firms at the bottom of this page and you can contact them to see if they are on the Coventry Building Society panel