Having sold my house in Chesterton last October but my buyer keeps calling daily 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 lawyer should forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also confirm that the legal charge in favour of the lender has been paid off to the buyers solicitors. There are no post completion formalities peculiar conveyancing in Chesterton.
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Chesterton?
Its becoming the norm that commercial conveyancing solicitors in Chesterton will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Chesterton. The report provides 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 Chesterton.
For each commercial conveyancing transaction in Chesterton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Chesterton commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Chesterton.
Are there restrictive covenants that are commonly identified as part of conveyancing in Chesterton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Chesterton. 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…’
Due to the encouragement of my in-laws I had a survey completed on a house in Chesterton ahead of retaining solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some lenders tend not issue a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Chesterton. Conveyancing may be slightly more expensive based on your lender's requirements.
We're first time buyers - agreed a price, but the property agent advised that the vendor will only issue a contract if we use the agent's preferred conveyancers as they want an ‘expedited deal’. We would rather use a local conveyancer who is accustomed to conveyancing in Chesterton
We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', turning down a serious purchaser is likely to cause more damage than good. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you will continue to appoint your preferred Chesterton conveyancing solicitors - not the ones that will give their negotiator at the agency a referral fee or achieve conveyancing thresholds demanded by senior management.
I've found a house that seems to be perfect, at a great price which is making it more attractive. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Chesterton. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
The majority of houses in Chesterton are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Chesterton in which case you should be shopping around for a Chesterton conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your solicitor should report to you on the legal implications.
Chesterton Leasehold Conveyancing - A selection of Queries before buying
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The answer will be important as a) areas could cause problems for the building as the common areas may start to deteriorate where maintenance are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to have all the details How many of the leaseholders are in arrears for their maintenance charge payments?