Completed the sale of my flat in Chandlers Ford last May but the buyer keeps whats apping daily to moan that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your disposal your conveyancer is obliged to deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Where appropriate, your lawyer must also confirm that the home loan has been paid off to the buyers solicitors. There are no post completion tasks unique to conveyancing in Chandlers Ford.
We wish to acquire a newly converted apartment in Chandlers Ford with a homeloan from Santander.We like our Chandlers Ford conveyancing solicitor but Santander says his firm is not on their approved list of firms. It seems we are left with little choice but to instruct a Santander panel firm or retain our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage issued to you contains various provisions, one of which will be that conveyancers must be on the Santander solicitor panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Santander
Various internet forums that I have frequented warn that are the number one cause of hinderance in Chandlers Ford house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Chandlers Ford.
Are there restrictive covenants that are commonly identified as part of conveyancing in Chandlers Ford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Chandlers Ford. 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…’
How does conveyancing in Chandlers Ford differ for newly converted properties?
Most buyers of new build premises in Chandlers Ford come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Chandlers Ford usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chandlers Ford or who has acted in the same development.
Planning to exchange soon on a studio apartment in Chandlers Ford. Conveyancing lawyers have said that they are sending me a report next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Chandlers Ford should include some of the following:
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It needs to be made clear to you if the lease permits you to alter or upgrade aspects of the premises- you must be made aware as to whether it relates to all alterations or limited to structural alteration, and whether consent is mandated necessary Changes to the premises Are pets allowed in the flat? Information as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the more general rights a tenant has
I own a studio flat in Chandlers Ford, conveyancing formalities finalised 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Chandlers Ford with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease ceases on 21st October 2080
With only 54 years remaining on your lease we estimate the price of your lease extension to range between £32,300 and £37,400 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.