Finally the sale completed on my house in Fordingbridge last February yet the purchaser is telephoning every few hours to say his lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your conveyancer should forward the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. If applicable, your lawyer should also send confirmation that the home loan has been discharged to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Fordingbridge.
My relative recommended that where I am purchasing in Fordingbridge I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Fordingbridge conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Fordingbridge around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Fordingbridge.
I own a 4 bedroom Georgian house in Fordingbridge. Conveyancing solicitor acted for me and National Westminster Bank. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the exact same property. Is it worth asking National Westminster Bank to clarify?
You need to assess 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 Fordingbridge and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who conducted the conveyancing.
Due to the advice of my in-laws I had a survey completed on a house in Fordingbridge before instructing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to grant a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Fordingbridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fordingbridge to see if the conveyancing costs will increase in light of this.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Fordingbridge. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
The majority of houses in Fordingbridge 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. We note that you are buying in Fordingbridge so you should seriously consider looking for a Fordingbridge conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is part of an estate. Your lawyer will advise you fully on all the issues.
Fordingbridge Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
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What is the the remaining lease term? What is the name of the managing agents?
What is the average legal costs for conveyancing in Fordingbridge?
The average cost in 2014 for conveyancing in Fordingbridge was just over one thousand four hundred and fifty pounds excluding Land Tax and HM Land Registry fees.