Completed the sale of my flat in South Ockendon last September yet the purchaser is calling me to moan that their conveyancer is waiting to hear from mysolicitor. What should have happened now that I have sold?
Following your sale your conveyancer is obliged to send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your solicitor should also send confirmation that the mortgage has been discharged to the buyers lawyers. There are no post completion formalities specific conveyancing in South Ockendon.
Will my conveyancer be raising questions concerning flooding as part of the conveyancing in South Ockendon.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in South Ockendon. Some people will purchase a house in South Ockendon, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, however there are a various searches that may be carried out by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in South Ockendon. The conventional set of property information forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to discover if the premises has historically flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a purchaser may bring a claim for damages as a result of such an incorrect response. The buyer’s solicitors will also carry out an enviro report. This should reveal if there is a recorded flood risk. If so, additional investigations should be conducted.
3 months have elapsed following my purchase conveyancing in South Ockendon took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in South Ockendon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in South Ockendon
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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 supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What does commercial conveyancing in South Ockendon cover?
Non domestic conveyancing in South Ockendon covers a broad array of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My uncle has suggested that I use his conveyancing solicitors in South Ockendon. Should I choose my own conveyancer?
No doubt it’s preferable to find a conveyancing practitioner is to get feedback from friends or family who have used the solicitor that you are are thinking of instructing.