Completed the sale of my flat in Buckinghamshire last July but my buyer keeps texting every few hours to moan that his lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your house sale your conveyancer should deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your conveyancer must also confirm that the legal charge in favour of the lender has been repaid to the buyers lawyers. There is unlikely to be post completion steps just for conveyancing in Buckinghamshire.
We wanted to use a property lawyer in Buckinghamshire for our home move. Our financial adviser informed us that our bank Yorkshire Building Society won't deal with them. Why is this not regarded as unfair competition?
A bank can require an approved solicitor act for it. You would be expected to meet the charges for this. Please make use of our search facility to select a solicitor to carry conveyancing in Buckinghamshire on the Yorkshire Building Society approved list of solicitors.
What can a local search inform me regarding the property I am buying in Buckinghamshire?
Buckinghamshire conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search is essential in every Buckinghamshire conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
I purchased a 4 bedroom Edwardian property in Buckinghamshire. Conveyancing practitioner acted for me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Buckinghamshire and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing practitioner who conducted the purchase.
I am purchasing my first flat in Buckinghamshire with the aid of help to buy. The builders refused to move on the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not to tell my conveyancer about this deal as it could impact my mortgage with Leeds Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Buckinghamshire I like with open areas and transport links in the vicinity, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Buckinghamshire in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.