I am about to exchange buying a property in Red Lodge but as a consequence of damage from the recent storms I have managed to agree recompense from the vendor in the sum of £3k taking the form of a adjustment in the price. This was going to be addressed as part of amending the contract however Virgin Money will not permit this. Should they have been informed?
The conveyancer that is on a Virgin Money conveyancing panel is duty bound to disclose to Virgin Money of any amendments to the purchase price. If you were to refuse your solicitor to disclose the reduction to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new lawyer for your conveyancing in Red Lodge.
Completed the sale of my flat in Red Lodge last May yet the purchaser is Skype messaging me to moan that their lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your sale your lawyer should forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Where relevant, your solicitor must also send confirmation that the mortgage has been repaid to the purchasers lawyers. There are no post completion formalities just for conveyancing in Red Lodge.
My home in Red Lodge is up for sale and I have accepted an offer. Will the property lawyer need to be required to be on the Co-operative conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Co-operative conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I am selling my property. My past solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Red Lodge if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Red Lodge. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am a negotiator for a long established estate agency in Red Lodge where we have experienced a number of leasehold sales put at risk due to short leases. I have received inconsistent advice from local Red Lodge conveyancing solicitors. Can you clarify whether the owner of a flat can instigate the lease extension process 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 start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
Red Lodge Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing
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This question is important as a) areas can result in problems in the block as the communal areas may begin to deteriorate if repairs are not paid for b) if the tenants have an issue with the running of the building you will need to have full disclosure How many years remain on the lease? How many of the leaseholders are in arrears for their maintenance charge payments?
My dad purchased his flat in Red Lodge 7 years ago. He has been wed, widowed and is now married again. He now wishes to the sell the Red Lodge property. I suspect that he will simply be asked to supply copies of his marriage certificates to the lawyer however he is worried it could frustrate the sale of the property. Should he instruct a solicitor to update the Land Registry documents for the house?
You are not required to update the register as long as you have the evidence needed to demonstrate how the change of name resulted.
The purchaser’s conveyancing practitioner should check the land registry details and request evidence to prove the change of name e.g. marriage documentation.