Our lawyer has discovered a a problem with the lease for the property we are purchasing in Flint. The other side have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our lawyer says that he must ensure that the mortgage company is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Having sold my house in Flint last November but our buyer keeps whats apping every few hours to say her solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your house sale your solicitor is obliged to send the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There are no post completion steps specific conveyancing in Flint.
I am helping my step-mother sell her house in Flint. Will the conveyancer commission the energy assessment or it is for the seller to see to?
Following the demise of Home Packs, energy performance certificates remained a compulsory part of selling a house. An energy performance certificate must be commissioned prior to the property being marketed. This is not as aspect of the sale process that lawyers ordinarily organise. If you are using a Flint conveyancing solicitor they may be willing to arrange energy performance certificates due to their relationships with long established Flint providers
My bid for a property was accepted at auction in Flint. Conveyancing is necessary. What are my next steps?
Now that you are exchanged you will need to find a conveyancing lawyer soon as you will have a tight deadline in which to complete the purchase. Every auction property should have an associated auction pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the conveyancing papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You must give this to the lawyer instructed by you ASAP. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.
We expect to receive a DIP from Nottingham this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nottingham recommend any Flint solicitors on the Nottingham conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Flint solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
Me and my brother own a terraced Georgian property in Flint. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for 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 Flint and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it more attractive. I have just been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Flint. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
Most houses in Flint are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Flint in which case you should be shopping around for a Flint conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your lawyer will report to you on the legal implications.
Flint Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
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Make sure you investigate if there is anything that is prohibited in the lease. For instance some leases prohibit pets being allowed in certain buildings in Flint. If you like the flatin Flint yet your dog can’t move with you then you will be presented with a difficult decision. What is the the remaining lease term? Can you tell me if there are any major works on the horizon that will likely add a premium to the maintenance charges?
Can a conveyancer remove a person from the title of my property in Flint ?
Extracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer