Completed the sale of my flat in Felpham last August but my buyer keeps whats apping me to say her solicitor needs to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your disposal your conveyancer should deliver the transfer deeds and all supplemental paperwork to the purchaser's solicitors. If applicable, your conveyancer must also send confirmation that the mortgage has been paid off to the purchasers solicitors. There are no post completion procedures unique to conveyancing in Felpham.
I completed on my house on 3 May and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Felpham said it should be dealt with in less than a month. Are transfers in Felpham uniquely lengthy to register?
As far as conveyancing in Felpham is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can differ depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any other parties. As of today in the region of 80% of submission are completed within 12 days but occasionally there can be extensive hold-ups. Registration takes place after the new owner is living at the premises therefore an expedited registration is not usually primary concern but if it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Felpham differ for new build properties?
Most buyers of new build residence in Felpham come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because developers in Felpham usually acquire the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Felpham or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Felpham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Felpham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Felpham you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Felpham 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.
What advice can you give us when it comes to appointing a Felpham conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Felpham conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Felpham conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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How familiar is the practice with lease extension legislation?
Felpham Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
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Plenty Felpham leasehold apartments will have a service bill for the upkeep of the building levied on behalf of the freeholder. Where you acquire the flat you will have to meet this amount, normally quarterly accross the year. This could differ from a few hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a rentcharge for you to pay yearly, this is usually not a large amount, say around £50-£100 but you need to check as occasionally it can be prohibitively expensive. If a Felpham lease has fewer than 80 years it will have adverse implications on the marketability of the property. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will probably need a lease extension sooner rather than later and it is worth finding out what this will be. For most Felphamlease extensions you would need to own the property for 24 months in order to be legally able to extend the lease. Are there any major works on the horizon that will likely add a premium to the service costs?
Why can't I complete our conveyancing in Felpham on Easter Monday?
Because on completion the money needs to be transferred electronically between the banks of the buyer and owner’s property lawyer and at present this can only occur on a working day. It is not possible to complete on a saturday or sunday either.