Having sold my house in Turvey last September yet the purchaser is Skype messaging daily complaining that her lawyer needs to hear from mylawyer. What should my lawyer have done following completion?
Following your disposal your lawyer is duty bound to forward the transfer documentation and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also confirm that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There are no post completion steps peculiar conveyancing in Turvey.
Are the BSA planning on creating a online directory to list practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Turvey?
Lexsure has not been advised of any plans on the part of the BSA to promote such a search facility.
I have been told that property searches are the primary reason for delay in Turvey house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Turvey.
I purchased a 4 bedroom Edwardian property in Turvey. Conveyancing lawyer acted for me and The Royal Bank of Scotland. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Turvey and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing solicitor who carried out the work.
I am buying my first flat in Turvey with the aid of help to buy. The builders would not reduce the amount so I negotiated 6k of additionals instead. The house builders rep advised me not reveal to my lawyer about this deal as it would jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Turvey I like with amenity areas and station in the vicinity, however it only has 52 years on the lease. There is not much else in Turvey in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.