Finally the sale completed on my house in Chinatown last June but my buyer keeps whats apping every few hours complaining that his conveyancer needs to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your sale your solicitor should forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor should also evidence that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion tasks just for conveyancing in Chinatown.
How do I find out if the solicitor handling my conveyancing in Chinatown is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £187.00 plus VAT in additional conveyancing fees.
Please do take advantage of the search tool on this site. Pick the mortgage company and type ‘Chinatown’ or your preferred area and you will see a number of lawyer located in Chinatown or near you.
Me and my brother own a 4 bedroom Georgian property in Chinatown. Conveyancing solicitor represented me and Barclays Direct. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Barclays Direct to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chinatown 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 lenders. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
I decided to have a survey completed on a property in Chinatown prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies may not give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chinatown. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chinatown to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Chinatown. I've discover a site which looks to be the perfect solution If there is a chance to get all formalities done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
After months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Chinatown. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Chinatown conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Chinatown residence is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case affected 2 flats. The unexpired term as at the valuation date was 73.92 years.
When it comes to leasehold conveyancing in Chinatown what are the most common lease defects?
Leasehold conveyancing in Chinatown is not unique. All leases are individual and drafting errors can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:
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A provision for the recovery of money spent for the benefit of another party. A duty to insure the building
You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Barnsley Building Society, and Bank of Ireland all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.