Completed the sale of my flat in Long Sutton last May but the buyer keeps Skype messaging every few hours to moan that her solicitor needs to hear from mysolicitor. What should have happened now that I have sold?
Following your house sale your solicitor should forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. Where relevant, your lawyer must also evidence that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There is unlikely to be post completion formalities peculiar conveyancing in Long Sutton.
How does conveyancing in Long Sutton differ for newly converted properties?
Most buyers of new build premises in Long Sutton come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Long Sutton tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Long Sutton or who has acted in the same development.
I decided to have a survey done on a house in Long Sutton in advance of instructing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some mortgage companies will not issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Long Sutton. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my current home to a buy to let mortgage with Bank of Scotland and I will use the rest of the raised equity as a down payment on a second house. The location we are interested in is Long Sutton. Will your solicitors be able to act for the two mortgage companies and tie in the two deals?
Make use of our search tool on this site to ensure that the conveyancers are approved by both banks. On the basis that they are your lawyer will be able to tie up the two deals but you should talk with you conveyancer and specify your expectations and requirements.
I am looking for a conveyancing solicitor in Long Sutton for my sale. Is it possible to check a solicitor's complaints history with the legal regulator?
You may search for published Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I work for a long established estate agency in Long Sutton where we have witnessed a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given inconsistent advice from local Long Sutton conveyancing solicitors. Please can you confirm whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as 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 buyer.
Leasehold Conveyancing in Long Sutton - Sample of Queries before buying
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Be sure to find out if there is anything that is prohibited in the lease. For example some leases prohibit pets being allowed in certain buildings in Long Sutton. If you like the propertyin Long Sutton but your cat is not allowed to move with you then you will be faced difficult compromise. Is there a share of the freehold?