Our lawyer has discovered a defect with the lease for the property we are purchasing in Holywell. The other side have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer has advised that he must check that the bank is happy with this solution. Are we the client or is the bank?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
Having sold my house in Holywell last September yet the purchaser is SMS messaging daily to moan that his solicitor needs to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your lawyer should forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. If applicable, your lawyer should also confirm that the mortgage has been repaid to the purchasers lawyers. There are no post completion steps unique to conveyancing in Holywell.
I have todaydiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Holywell for a purchase of a leasehold apartment 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Holywell conveyancing specialists.
I need to instruct a conveyancing practitioner in Holywell for my house move. Can I review a firm’s complaints history with the legal regulator?
You may search for presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA could recorded telephone calls for training purposes.
I am employed by a busy estate agency in Holywell where we have experienced a number of flat sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Holywell conveyancing solicitors. Could you clarify whether the owner of a flat can commence the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Holywell Leasehold Conveyancing - Sample of Queries Prior to buying
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You will want to discover as much as you can regarding the managing agents as they will either make your life much easier or a lot more difficult. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the upkeep of the common parts. Don't be afraid to ask other people if they are happy with them. On a final note, find out the dates that you are obliged pay the maintenance charge to the managing agents and specifically how they are spending that money. Who takes charge for maintaining and repairing the building? Be sure to find out if the the lease contains any unreasonable restrictions in the lease. By way of example it is reasonably common in Holywell leases that pets are not permitted in in a block in Holywell. If you like the propertyin Holywell but your dog can’t make the move with you then you will be presented with a hard choice.
I am purchasing a flat and require a conveyancing solicitor in Holywell who is on the bank conveyancing panel. Could you point me in the right direction as regards a Holywell conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Holywell. We dont recommend any particular firm.