Completed the sale of my flat in Leicestershire last April yet the purchaser is e-mailing me complaining that her solicitor needs to hear from myconveyancer. What should my lawyer have done now that I have sold?
Following your disposal your conveyancer should forward the transfer deeds and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer should also evidence that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There are no post completion steps just for conveyancing in Leicestershire.
Do I have to visit the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Leicestershire so that I can attend their offices when needed.
As opposed to ten years ago, the vast majority banks no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to provide ID documents and there are still distinct advantages to choosing a locally based solicitor, in your case a conveyancing solicitor in Leicestershire.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Leicestershire. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Leicestershire
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I'm converting the mortgage on my current home to a BTL loan with TSB and intend to use the remaining equity towards another property. The location we are talking about is Leicestershire. Will your solicitors be able to act for the two banks and link together the conveyances?
Do use our search tool on this page to ensure that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and needs.
I am employed by a reputable estate agent office in Leicestershire where we see a number of flat sales derailed due to leases having less than 80 years remaining. I have received inconsistent advice from local Leicestershire conveyancing solicitors. Please can you confirm whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that 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 need not have to wait 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 sale.
Alternatively, it may be possible 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 purchaser.
Leasehold Conveyancing in Leicestershire - Sample of Questions you should ask Prior to Purchasing
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How many years are left on the lease? Where a Leicestershire lease has fewer than eighty years it will affect the marketability of the apartment. Check with your bank that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will be be obliged to have been the owner of the property for 24 months before you are eligible to extend the lease.
My wife and I hope to purchase our first house in Leicestershire. Conveyancing practitioner has been chosen. The broker pointed out that a survey is not appropriate as the house is just 17 years old.
The bare minimum you need a Home Buyer's Report. As the property was built over a decade ago the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of problems a Home Buyer's report may be sufficient. The report should highlight any obvious problems and recommend additional investigation if relevant. If there are any indications of material issues seek a full Building Survey from the beginning.