Having sold my house in Southport last March but our buyer keeps Skype messaging me complaining that his solicitor needs to hear from mine. What should have happened now that I have sold?
Following your disposal your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also evidence that the mortgage has been discharged to the purchasers solicitors. There is unlikely to be post completion procedures unique to conveyancing in Southport.
My grandfather passed away last year and as sole heir and executor I was left the property in Southport. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this allowed?
Given you plan to refinance then Leeds Building Society will insist on your using a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Southport?
Many commercial conveyancing solicitors in Southport will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Southport. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Southport.
For each commercial conveyancing transaction in Southport it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Southport commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Southport.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Southport I like with a park and transport links in the vicinity, however it's only got 52 years unexpired on the lease. There is not much else in Southport for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I am looking into buying my first house which is in Southport and I am already nervous. I couldn't find anything specific about Southport. Conveyancing will be needed in due course but do you know about the Southport area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Southport. In the meantime here are some basic statistics that we found
What makes a Southport lease unmortgageable?
There is nothing unique about leasehold conveyancing in Southport. All leases are unique and drafting errors can result in certain clauses are not included. The following missing provisions could result in a defective lease:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. Insurance obligations
You will encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, The Royal Bank of Scotland, and Britannia all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the buyer to pull out.
Leasehold Conveyancing in Southport - Examples of Questions you should consider Prior to buying
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The prefered form of lease arrangement is where the freehold interest is owned by the leaseholders. In this arrangement the lessees have being in charge if their destiny and notwithstanding that a managing agent is frequently retained where it is bigger than a house conversion, the managing agent employed by the leaseholders. In the main the cost for major works tend not to be incorporated into the maintenance charges, although a few managing agents in Southport ask leasehold owners to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. Who is in charge of the building?