The owners have rather assertive vendors who has recommended a lock out contract with a deposit 10k. Are such contracts recommended for The Hale conveyancing transactions?
Lock out contracts are contracts between a home seller and prospective buyer giving the buyer a ‘clear field’ to the sale of the property for a limited period of time. For all intents and purposes, an exclusivity is a document specifying that you will have a contract at a later date which is the contract for the actual sale. It tends to be used for buyer confidence though in many situations, the proprietor may stand to benefit from such agreements as well. There are numerous positives and negatives to using them but you should to check with your solicitor but note that it may end up incurring more in conveyancing charges. For this these contracts are not popular when it comes to conveyancing in The Hale.
I am assisting my aunt sell her flat in The Hale. Will the conveyancing solicitor order an energy assessment or it is for me to coordinate?
Following the abolition of Home Packs, energy performance certificates remained a mandatory component of moving property. An energy assessment should be to hand before the property is advertised. This is not a task that solicitors ordinarily arrange. If you are instructing a The Hale conveyancing solicitor they may help arrange energy assessments due to their contacts with long established The Hale providers
Have just purchased a probate house at auction in The Hale. Conveyancing is required. What happens now?
Now that you have exchanged you will need to retain a conveyancing solicitor as a matter of priority as you will have a pending deadline in which to complete the property. All auction property will have a corresponding legal pack. This will likely include evidence of title and search results. In the case of leasehold property the legal pack should provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
Kent Reliance have agreed my mortgage in principle, my offer on a flat in The Hale has been accepted, now what?
The estate agent will need to know who your solicitors are (make sure the conveyancing practitioners are on the lender’s panel). Call up Kent Reliance or your financial adviser and complete any relevant documentation. Kent Reliance will appoint a valuer who will get in touch with the selling agent or seller to arrange a slot for the valuation to happen. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Kent Reliance will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in The Hale.
I got the keys to my house on 12 March and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in The Hale said it will be concluded inside ten days. Are properties in The Hale particularly slow to register?
As far as conveyancing in The Hale is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can vary subject to the party submitting the application, whether it is in order and if the Land registry have to notify any 3rd parties. As of today in the region of three quarters of such applications are fully dealt with within two weeks but some can be subject to protracted delays. Registration takes place once the purchaser has moved in to the property thus post completion formalities is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
I am looking for a flat up to £245,000 and identified one round the corner in The Hale I like with open areas and railway links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in The Hale in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
My wife and I purchased a leasehold house in The Hale. Conveyancing and Britannia mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1991. The conveyancing practitioner in The Hale who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. You do not need to incur the fees of a The Hale conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a ground floor flat in The Hale. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
in cases where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the sum to be paid.
An example of a Lease Extension case for a The Hale property is 20 Orchard Court Stonegrove in June 2009. The tribunal decided that a premium of £11,040 should be payable for the new lease This case related to 1 flat. The remaining number of years on the lease was 71.55 years.
I pay a service charge for my appartment in The Hale. Due to redundancy and personal issues I fell into arrears with remittance. I negotiated a clearance schedule but there remains about £2000 outstanding as of today.
I now wish to sell and I am panicking this can hold me back if I have to pay off the amount due first. I'd like to sell up and subsequently repay the debt from the proceeds - is this possible?
Do clarify with the conveyancing practitioner dealing with your The Hale conveyancing but one option could be to arrange for the outstanding amount to be attributed to the buyers. The contractual price due would be reduced to reflect the amount of debt they assume. They would then pay the fees once they are the owners.