Completed the sale of my flat in North Shields last February but our buyer keeps telephoning me complaining that their lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Post completion of your sale your lawyer should send the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also evidence that the mortgage has been discharged to the buyers solicitors. There is unlikely to be post completion formalities just for conveyancing in North Shields.
I require fast conveyancing in North Shields as I have an ultimatum to exchange contracts inside one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at free not to have searches carried out although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in North Shields the following are examples of what can show up and therefore impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
I have a semi-detached Victorian house in North Shields. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North Shields and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who carried out the work.
I am 3 weeks into a freehold purchase having been referred to solicitors by the local agent to perform conveyancing in North Shields. I am not happy. Could you you assist me in finding new conveyancers?
A conveyancer would need to be really poor to suggest changing them. Has the mortgage offer been sent? If so you need to advise them of the new conveyancer and ensure the loan are re-issued. Your conveyancer needs to be on the mortgage company panel to avoid supplemental expenses and frustration. So that should be your starting point. Our search tool can help you find a lender approved conveyancer for your conveyancing in North Shields
Due to complete next month on a ground floor flat in North Shields. Conveyancing lawyers inform me that they are sending me a report within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in North Shields should include some of the following:
-
Does the lease require carpeting throughout thus preventing wood flooring? Advice concerning the obligations as set out in the lease to pay service charges - with regard to both the building, and the more general rights a lessee enjoys Alterations to the premises Where does the liability rest for repairing the window frames
North Shields Leasehold Conveyancing - Examples of Queries Prior to Purchasing
-
Most North Shields leasehold apartments will be liable to pay a service charge for maintenance of the building levied on behalf of the management company. If you acquire the property you will have to pay this charge, normally periodically throughout the year. This can vary from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a rentcharge for you to pay yearly, this is usually not a significant amount, say about £25-£75 but you should to enquire as on occasion it can be many hundreds of pounds. Please inform me if there are any major works in the planning that will likely add a premium to the maintenance charges? What is the yearly maintenance fee and ground rent?
Why do North Shields conveyancing charges differ for leasehold and freehold properties?
When purchasing a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control