Finally the sale completed on my house in Margam last August yet the purchaser is e-mailing me to say his solicitor needs to hear from mylawyer. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is obliged to send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your conveyancer must also confirm that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There are no post completion formalities peculiar conveyancing in Margam.
My wife and I purchased a terraced Victorian property in Margam. Conveyancing lawyer acted for me and Clydesdale. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Margam and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing lawyer who conducted the conveyancing.
I am buying a new build flat in Margam. 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 legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Margam
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
Due to the input of my in-laws I had a survey completed on a house in Margam prior to retaining conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will not issue a mortgage on such a house.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Margam. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I will soon spend hundreds of thousands of pounds on 3 bedroom house in Margam I would like to have a conversation with the solicitor concerning thehome move before appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your conveyancing in Margam.There is no ‘factory style conveyancing’ - every client is an important individual, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Margam should be the figure that you end up paying.
I acquired a house in Margam last 15/11/2023 and to date it is still not registered with HM Land Registry. It is part of a new estate and my solicitor told me that it may take twelve months to register. I have spoken with HMLR directly and they say that the initial application was cancelled due to failure to reply to requisitions. Do I need to be concerned?
get in touch with your property lawyer - if you are not getting sensible responses, enquire as to their internal complaints process and escalate your problem to a Partner. Registrations for Margam conveyancing are not known to be significantly delayed.