Having sold my house in Pudsey last July yet the purchaser is telephoning every few hours to say her lawyer is waiting to hear from mylawyer. What should my lawyer have done now that I have sold?
Post completion of your house sale your solicitor is committed to send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your lawyer should also evidence that the legal charge in favour of the lender has been paid off to the buyers lawyers. There are no post completion steps peculiar conveyancing in Pudsey.
My wife and I purchased a semi-detached Edwardian property in Pudsey. Conveyancing lawyer represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the matching property. 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 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 Pudsey and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Pudsey differ for newly converted properties?
Most buyers of new build residence in Pudsey approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Pudsey usually acquire 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 conveyancing solicitors 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 Pudsey or who has acted in the same development.
I opted to have a survey done on a property in Pudsey before retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to grant a loan on this type of premises.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you e-mail us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Pudsey. Conveyancing will be smoother if you use a solicitor in Pudsey especially if they regularly deal with such properties in Pudsey.
My husband and I are new to the buying process - agreed a price, but the agent advised that the vendor will only go ahead if we appoint the agent's preferred solicitors as they need a ‘quick sale’. We would rather use a family conveyancer accustomed to conveyancing in Pudsey
We suspect that the owner is unaware of this demand. If they want ‘a quick sale', alienating a genuine purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Pudsey conveyancing solicitors - as opposed tothose that will earn their estate agent a commission or meet his conveyancing targets demanded by HQ.
I own a leasehold flat in Pudsey. Conveyancing was finalised in 21012. I have heard that I should not let the the remaining lease term to get too low. Is this correct?
Pudsey leasehold properties are for a prescribed period - often just under one hundred years when they are first granted. However a significant appartments in Pudsey were built or converted in the 70’s80’s and so these leases now have fewer than 80 years left to run. This may sound like plenty of time but Banks, Building Societies and other mortgage lenders on the whole need leases to have a minimum of seventy five years left to adequate security. This means that when you come to sell the property you will need a lease extension if you are approaching seventy five years. To increase the marketability of your property you should be considering whether to extend your lease long before you come to sell it. Furthermore advantages to taking action before the lease hits 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to get a lot more expensive.