Having sold my house in Park Hill last April yet the purchaser is e-mailing daily complaining that their lawyer needs to hear from mine. What should have happened following completion?
After completion of your disposal your solicitor should forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. If applicable, your lawyer should also send confirmation that the mortgage has been redeemed to the buyers conveyancers. There are no post completion formalities specific conveyancing in Park Hill.
I am downsizing from our house in Park Hill and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Park Hill. Having lived in Park Hill for many years we know of no issue. Do we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who did the conveyancing in Park Hill 5 years ago have long since closed. Will I be able to sell the house?
Assuming the title is registered the information relating to your proprietorship will be held by HMLR under a Title Number. It is easy to execute a search at the Land Registry, identify your house and obtain up to date copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will usually hold a certified copy of the Registered Lease and again, a copy can be obtained for a small fee.
How does conveyancing in Park Hill differ for newly converted properties?
Most buyers of new build premises in Park Hill approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Park Hill typically purchase 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 Park Hill or who has acted in the same development.
I decided to have a survey done on a house in Park Hill prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks will refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Park Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Park Hill to see if the conveyancing will be more expensive.
I only have 62 years left on my lease in Park Hill. I need to extend my lease but my landlord is can not be found. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. On the whole a specialist would be helpful to try and locate and prepare an expert document which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor both on proving the landlord’s absence and the vesting order request to the County Court overseeing Park Hill.
Park Hill Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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How much is the ground rent and service charge? The best form of lease arrangement is where the freehold reversion is owned by the leaseholders. In this scenario the lessees enjoy being in charge if their destiny and even though a managing agent is often employed where it is bigger than a house conversion, the managing agent is directed by the tenants. Please note that where the lease has less than 80 years it will affect the marketability of the apartment. Check with your bank that they are willing to to proceed given the lease term. A short lease means that you will most likely have to extend the lease at some point and you need to have some idea of how much this will be. For most Park Hilllease extensions you would be required to have owned the premises for two years before you are entitled to exercise a lease extension.