Finally the sale completed on my house in Frenchay last March yet the purchaser is SMS messaging daily to moan that her lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your sale your solicitor should send the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer must 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 Frenchay.
What will a local search reveal regarding the house we're buying in Frenchay?
Frenchay conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central role in many a Frenchay conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
2 months have gone by following my purchase conveyancing in Frenchay took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Frenchay and how can you help?
The particular law that you refer to provides a safeguard to business leaseholders, granting the dueness to make a request to court for a new tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Frenchay is one of our numerous areas of the UK in which our lawyers are located
Do you have any top tips for leasehold conveyancing in Frenchay from the point of view of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Frenchay can be bypassed if you appoint lawyers as soon as you market your property and ask them to put together the leasehold documentation needed by the buyers’ conveyancers. A minority of Frenchay leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers. If there is a history of any disputes with your landlord or managing agents it is essential that these are settled prior to the flat being marketed. The buyers and their solicitors will be nervous about purchasing a flat where a dispute is ongoing. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to reveal the dispute as historic as opposed to unresolved. In the event that you altered the property did you need the Landlord’s consent? In particular have you installed wooden flooring? Most leases in Frenchay state that internal structural changes or laying down wooden flooring require a licence from the Landlord approving such alterations. If you fail to have the paperwork to hand you should not communicate with the landlord without checking with your solicitor in advance. If you are supposed to have a share in the Management Company, you should ensure that you have the original share document. Arranging a duplicate share certificate can be a lengthy process and slows down many a Frenchay home move. If a duplicate share is required, do contact the company officers or managing agents (where relevant) for this as soon as possible.
Frenchay Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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What is the name of the managing agents? The prefered form of lease structure is a share of the freehold. In this situation the tenants enjoy being in charge if their destiny and even though a managing agent is often employed if the building is bigger than a house conversion, the managing agent employed by the leaseholders. How is the lease structured?
My brother-in-law has suggested I instruct a conveyancing solicitor in Frenchay. I need to find out if they are listed on the lender's approved list of lawyers. Could you advise?
One option is to phone your solicitor to check if they are on the lender's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Frenchay on the approved list for your mortgage company.