Finally the sale completed on my house in Earls Barton last November but the buyer keeps telephoning daily to moan that their conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your sale your lawyer is duty bound to deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Earls Barton.
I am buying a property in Earls Barton. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is TSB your lawyer must check the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and lawyers are required to report to TSB where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties countrywide and is not isolated to Earls Barton.
My wife and I are in the throws of looking at flats in Earls Barton and I am now considering a potential offer. Should I already have a lawyer appointed at this stage? I am planning to take a home loan with Nationwide.
It would be wise to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are seeking a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
Having read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Earls Barton solicitor - who is on the Principality conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Earls Barton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I need some quick conveyancing in Earls Barton as I am faced with pressure to complete within one month. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not taking a home loan you have the choice not to do searches although no law firm would advise that you don't. With lots of history conveyancing in Earls Barton the following are examples of issues that can arise and therefore impact market value: Enforcement Notices, Outstanding Fees, Outstanding Grants, Railway Schemes,...
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Earls Barton is the location of the property. Is there any guidance you can impart?
Flying freeholds in Earls Barton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Earls Barton you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Earls Barton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
In my capacity as executor for the estate of my grandmother I am disposing of a property in Newport but reside in Earls Barton. My solicitor (who is 300 miles awayhas requested that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing lawyer in Earls Barton who can witness this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Earls Barton based
What makes a Earls Barton lease defective?
Leasehold conveyancing in Earls Barton is not unique. All leases are individual and drafting errors can sometimes mean that certain provisions are erroneous. The following missing provisions could result in a defective lease:
-
Maintenance charge proportions which don’t add up to the correct percentage Clauses dealing with recovering service charges for expenditure on the building or common parts.
You may 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. Halifax, Virgin Money, and Aldermore all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the buyer to pull out.
Earls Barton Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
-
Generally speaking the outlay for major works tend not to be wrapped into the service charges, albeit that there some managing agents in Earls Barton require leaseholders to contribute towards a reserve fund and this is used to offset against larger works. Please inform me if there are any major works in the near future that will increase the maintenance charges?