Completed the sale of my flat in Lisson Grove last December yet the purchaser is texting every few hours complaining that his solicitor is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor should forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Where appropriate, your solicitor should also confirm that the home loan has been discharged to the purchasers lawyers. There are no post completion formalities just for conveyancing in Lisson Grove.
My property lawyer in Lisson Grove is not listed on the Platform Home Loans Ltd Solicitor Panel. Can I still retain my family solicitor even though they are excluded from the Platform Home Loans Ltd panel?
Your options are as follows:
- Complete the purchase with your preferred Lisson Grove lawyers but Platform Home Loans Ltd will need to use a solicitor on their panel. This will inevitably rack up the total legal charges and result in frustration.
- Find an alternative solicitor to act in the conveyancing, not forgetting to check they are Platform Home Loans Ltd approved.
- Try to convince your Platform Home Loans Ltd solicitor to attempt to join the Platform Home Loans Ltd panel
I am the sole recipient of my late father’s will with all property in now in my sole name, including the my former home in Lisson Grove. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership may be considered the same way as though I had purchased the property in November. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. many mortgage companies would take a practical view as this requirement principally exists to capture the purchase and immediately sell or the quick reselling of properties.
How can we tell if a Lisson Grove conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Lisson Grove getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your conveyancing.
My wife and I have organised a further advance on our mortgage from Leeds Building Society as we intend to carry out improvements to our home in Lisson Grove. Are we obliged to appoint a bricks and mortar Lisson Grove solicitor on the Leeds Building Society conveyancing panel to handle the legals?
Leeds Building Society would not normally require a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society conveyancing panel.
What does a local search tell me regarding the property I am purchasing in Lisson Grove?
Lisson Grove conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Xpress Legal The local search is essential in every Lisson Grove conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
Just had an offer accepted on a new build flat in Lisson Grove. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Lisson Grove
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I have been on the look out for a flat up to £245,000 and found one close by in Lisson Grove I like with a park and transport links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Lisson Grove suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.