Completed the sale of my flat in Trefnant last October but my buyer keeps telephoning me to moan that his conveyancer needs to hear from myconveyancer. What should my lawyer have done now that I have sold?
Following your house sale your lawyer is committed to forward the transfer documentation and all additional paperwork to the buyer’s solicitors. Where appropriate, your solicitor must also evidence that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Trefnant.
Is there a search tool that I can utilise to check that the solicitor handling my conveyancing in Trefnant is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £192.00 in another set of legal bill.
You should make use of the find a lender approved solicitor tool on this web page. Pick the lender and type ‘Trefnant’ or your preferred area and you will see a number of lawyer based in Trefnant or nearest you.
What will a local search tell me about the property my wife and I purchasing in Trefnant?
Trefnant conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example Xpress Legal The local search plays an important role in many a Trefnant conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I have todayfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Trefnant for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Trefnant conveyancing specialists.
I'm purchasing my first flat in Trefnant with the aid of help to buy. The developers refused to budge the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not reveal to my solicitor about this side-deal as it may put at risk my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am employed by a reputable estate agent office in Trefnant where we have witnessed a number of leasehold sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Trefnant conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Trefnant Leasehold Conveyancing - A selection of Questions you should consider before buying
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The prefered form of lease structure is a share of the freehold. In this situation the leaseholders benefit from control and although a managing agent is often retained if it is larger than a house conversion, the managing agent employed by the leaseholders. Plenty Trefnant leasehold properties will be liable to pay a service bill for the upkeep of the building levied on behalf of the freeholder. If you buy the property you will have to meet this amount, usually periodically accross the year. This could be anything from two or three hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a significant sum, say approximately £25-£75 but you should to enquire as occasionally it could be prohibitively expensive. Does the lease contain onerous restrictions?