Having sold my house in Nag's Head last November yet the purchaser is SMS messaging me to say her solicitor needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your disposal your lawyer should forward the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also evidence that the home loan has been discharged to the purchasers solicitors. There is unlikely to be post completion formalities unique to conveyancing in Nag's Head.
I am assisting my step-mother sell her flat in Nag's Head. Will the conveyancer commission the energy performance certificate or should I organise this?
After the abolition of HIPs, energy performance certificates was maintained a compulsory element of selling a property. An energy assessment should be commissioned prior to the property being put on the market. This is not as aspect of the sale process that lawyers normally organise. If you are instructing a Nag's Head conveyancing practitioner they may be willing to arrange energy assessments given their relationships with long established Nag's Head assessors
A relative advised me that in purchasing a property in Nag's Head there could be a number of restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Nag's Head which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Nag's Head should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I currently have a mortgage with Aldermore for my property in Nag's Head. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
You must advise Aldermore prior to renting your property as this is likely to be a breach of Aldermore’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel lawyer.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who handled the conveyancing in Nag's Head 4 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical official documentation to evidence that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Nag's Head differ for newly converted properties?
Most buyers of new build premises in Nag's Head approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because builders in Nag's Head tend to purchase the site, 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 used to new build conveyancing in Nag's Head or who has acted in the same development.
I am looking to sell my property. My former lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Nag's Head if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Nag's Head. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am a negotiator for a busy estate agent office in Nag's Head where we have experienced a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received conflicting advice from local Nag's Head conveyancing solicitors. Could you shed some light as to whether the seller of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease 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 buyer can avoid having 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 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.
My wife and I have hit a brick wall in negotiating a lease extension in Nag's Head. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Nag's Head conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Nag's Head premises is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case was in relation to 1 flat. The remaining number of years on the lease was 71 years.