Finally the sale completed on my house in Tadworth last May but my buyer keeps SMS messaging daily complaining that her lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your conveyancer should deliver the transfer documentation and all of the paperwork to the buyer’s conveyancer. If applicable, your lawyer must also confirm that the home loan has been discharged to the buyers conveyancers. There is unlikely to be post completion requirements specific conveyancing in Tadworth.
The Tadworth conveyancing firm that I appointed last week on my house acquisition in Tadworth have without warning closed. I chose them because I had to have a lawyer on the Virgin Money conveyancing panel and my preferred Tadworth lawyer was not. I paid them 275 plus VAT on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money 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 lawyers may be able to assist.
Various web forums that I have visited warn that are the number one cause of stalling in Tadworth conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Tadworth.
How does conveyancing in Tadworth differ for newly converted properties?
Most buyers of new build property in Tadworth contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is completed. This is because builders in Tadworth usually purchase the real estate, 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 property lawyers 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 Tadworth or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and found one near me in Tadworth I like with amenity areas and station nearby, however it's only got 52 remaining years left on the lease. There is not much else in Tadworth suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
There are numerous houses in Tadworth on unadopted roads. We are buying one such property. What are the pros and cons of purchasing a property on a privately owned road?
Tadworth conveyancing firms are familiar with transacting houseson private. Your solicitor should review the title to identify any rights or responsibilities. It is possible that there is a residents association that owners pay into for the upkeep of the road. If there is one, the road will likely be maintained and look nicer than council adopted.