We are purchasing our first home. The solicitor has e-mailedto see if we want to take out supplemental conveyancing searches. Unfortunately we in the dark as to what's relevant for conveyancing in Huntingdon
The number and type of Huntingdon conveyancing searches should be triggered based entirely on the premises, the location, the possibility of any of these risks, your knowledge of the locality and risks, your general approach to risk. What matters is that you properly appreciate what information each search could supply. Then you can make a decision if you consider that you need that information. Where you are uncertain, ask your conveyancing practitioner to advise.
Completed the sale of my flat in Huntingdon last December yet the purchaser is whats apping me to moan that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your sale your solicitor should send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also confirm that the mortgage has been repaid to the purchasers lawyers. There are no post completion formalities just for conveyancing in Huntingdon.
My brother-in-law has suggested I instruct a conveyancing solicitor in Huntingdon. I need to find out if they are on the Chelsea Building Society approved list of lawyers. Could you assist?
The first thing you should do is phone the lawyer and ask them if they can act for the bank. Otherwise please get in touch with Chelsea Building Society who may be able to assist.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a residence in Huntingdon? or I am told that there is a law dating back centuries that could mean that house owners residing in a parish church boundary will be compelled to pay for repairs towards the chancel in proximity to the church. Is this relevant for conveyancing in Huntingdon?
Unless a prior acquisition of the house completed after 12 October 2013 you could take it that lawyers conducting conveyancing in Huntingdon to continue to propose a a chancel search and or insurance against a claim.
Due to the guidance of my in-laws I had a survey completed on a house in Huntingdon ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks will refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you e-mail us we can check 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 Huntingdon. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a negotiator for a long established estate agent office in Huntingdon where we have experienced a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given inconsistent advice from local Huntingdon conveyancing solicitors. Can you confirm whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord 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.
Huntingdon Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
-
How many of the leaseholders are in arrears for their maintenance charge payments? Many Huntingdon leasehold flats will have a service bill for the upkeep of the block set by the management company. Where you buy the property you will have to pay this charge, normally in instalments during the year. This could differ from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a ground rent for you to pay yearly, this is usually not a exorbitant amount, say about £50-£100 but you should to enquire as on occasion it could be many hundreds of pounds.