Finally the sale completed on my house in Sowerby Bridge last December yet the purchaser is SMS messaging me complaining that their lawyer needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your house sale your lawyer should send the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your solicitor must also evidence that the home loan has been repaid to the purchasers lawyers. There are no post completion formalities unique to conveyancing in Sowerby Bridge.
The Sowerby Bridge conveyancing solicitors that I appointed last week on my house acquisition in Sowerby Bridge have without warning closed. I only went with them because I needed a lawyer on the RBS conveyancing panel and my previous Sowerby Bridge lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the RBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
A friend recommended that where I am purchasing in Sowerby Bridge I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Sowerby Bridge conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Sowerby Bridge around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Sowerby Bridge Education with plans and statistics, Local Amenities and other useful information about Sowerby Bridge.
I opted to have a survey completed on a property in Sowerby Bridge prior to retaining conveyancers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks tend not give a loan on this type of house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sowerby Bridge. Conveyancing may be slightly more expensive based on your lender's requirements.
I was recommended by a number of estate agents in Sowerby Bridge to locate a conveyancer on your site. What’s the financial inducement for Estate Agents to promote your site over and above alternative conveyancing organisations?
We refuse to give any referral fee for directing people to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Having checked my lease I have discovered that there are only Fifty years left on my lease in Sowerby Bridge. I need to extend my lease but my freeholder is missing. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to prove that you have used your best endeavours to track down the landlord. For most situations a specialist would be useful to carry out a search and to produce an expert document which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the application to the County Court covering Sowerby Bridge.
Sowerby Bridge Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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Who are the managing agents? Best to be warned whether fixing the lift or some other significant cost is due shortly that will be shared between the leasehold owners and will materially impact the level of the maintenance fees or result in a one time payment. Where a Sowerby Bridge lease has no more than 80 years it will impact the value of the flat. Check with your mortgage company that they are willing to lend given the lease term. Leases with fewer than 80 years remaining means that you will most likely require a lease extension sooner rather than later and you need to have some idea of what this would cost. For most Sowerby Bridgelease extensions you will need to own the premises for 24 months in order to be legally able to carry out a lease extension.