Finally the sale completed on my house in Hatton last July yet the purchaser is SMS messaging me complaining that their lawyer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your house sale your solicitor is duty bound to forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your solicitor should also confirm that the home loan has been paid off to the purchasers lawyers. There is unlikely to be post completion requirements peculiar conveyancing in Hatton.
The deeds to our property can not be found. The solicitors who handled the conveyancing in Hatton 5 years ago are no longer around. What are my options?
In today’s world there are duplicates made of almost everything, and your solicitor should be aware precisely where to locate all the suitable paperwork so you may buy or sell your house without any difficulty. Where duplicates can’t be found, your lawyer can put in place insurance or indemnities protecting you against future claims on the property.
I am purchasing my first flat in Hatton with a mortgage from Platform Home Loans Ltd. The developers refused to budge the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my conveyancer about the side-deal as it could impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Hatton is the location of the property. Can you shed any light on this issue?
Flying freeholds in Hatton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hatton you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hatton may decide 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 residence.
All being well we will complete the disposal of our £425,000 garden flat in Hatton in 10 days. The landlords agents has quoted £420 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Hatton?
Hatton conveyancing on leasehold maisonettes normally necessitates the purchaser’s solicitor submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to do so. They may levy a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some cases it exceeds £800. The management information fee required by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration fees, without which the charge is technically not due. Reality however dictates that you have no choice but to pay whatever is demanded if you want to complete the sale of your home.
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in Hatton. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to assess the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Hatton residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The number of years remaining on the existing lease(s) was 82.93 years.
We have recently had a bid accepted on our first home in Hatton, and are about to get solicitors appointed. I have used the numerous comparison tools and the fee estimates are from all across the the UK. Is it important to have a Hatton lawyer local to your prospective property? We are willing to do all the communicating electronically, but I am thinking at some point we may be required to attend the lawyer's office to sign documents?
The conveyancing practitioner does not need to be in Hatton, but opting for local means that you have the option to go in if you need to, by way of example, if a signature is immediately necessary. Also, a Hatton solicitor have established relationships with local agents and (if the vendor has instructed a local property lawyer) with them, which should help keep things moving faster.