Having sold my house in Powys last November but my buyer keeps texting every few hours to say his solicitor needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your sale your conveyancer should deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where relevant, your conveyancer must also confirm that the legal charge in favour of the lender has been paid off to the buyers solicitors. There is unlikely to be post completion formalities peculiar conveyancing in Powys.
I am considering applying for a Aldermore mortgage for purchase of a new build (under development) in Powys with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I need some fast conveyancing in Powys as I have pressure to sign on the dotted line in less than one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you are at liberty not to have searches conducted although no solicitor would suggest that you don't. With plenty of history conveyancing in Powys the following are instances of issues that can appear and adversely affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
I am buying a new build apartment in Powys. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Powys
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a quick, no chain conveyancing. Powys is the location of the property. Can you shed any light on this issue?
Flying freeholds in Powys are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Powys you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Powys may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am in need of some leasehold conveyancing in Powys. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and most are in Powys - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Powys Leasehold Conveyancing - A selection of Queries Prior to buying
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Its a good idea to find out as much as possible regarding the company managing the building as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to day to day issues like the tidiness of the communal areas. Ask other people what they think of them. Finally, find out the dates that the service charges are due to the managing agents and specifically how they are spending that money. The prefered form of lease arrangement is where the freehold reversion is owned by the leaseholders. In this arrangement the lessees benefit from control and although a managing agent is frequently employed where it is larger than a house conversion, the managing agent acts for the leaseholders themselves. Please tell me if there are any major works on the horizon that will likely increase the service costs?