Having sold my house in Hanley last September but our buyer keeps texting me to moan that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your lawyer is duty bound to send the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor should also evidence that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion procedures unique to conveyancing in Hanley.
Me and my brother purchased a terraced Georgian property in Hanley. Conveyancing lawyer represented me and Aldermore. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hanley 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 question the situation with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Hanley differ for newly converted properties?
Most buyers of new build residence in Hanley come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Hanley usually buy the site, 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 conveyancing solicitors 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 used to new build conveyancing in Hanley or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one close by in Hanley I like with amenity areas and transport links in the vicinity, however it's only got 51 years on the lease. There is not much else in Hanley suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I am looking into buying my first house which is in Hanley and I am already nervous. I couldn't find anything specific about Hanley. Conveyancing will be needed in due course but do you know about the Hanley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hanley. In the meantime here are some basic statistics that we found
Me and my husband accepted an offer on a Hanley bungalow we inherited six years ago in 2009. I have over ten years conveyancing know-how and, although retired, see no reason not to conduct the conveyancing. The purchaser's conveyancing practitioner has informed me that their Lenders will not allow you to do your own conveyancing requiring the funds to be transferred to a solicitor's bank account.
Lending instructions to lawyers from all CML members specify that If the vendor does not have legal representation the purchaser’s lawyers should check whether the mortgage company needs to be informed so that a decision can be made if they are prepared to progress.