Completed the sale of my flat in Undy last February yet the purchaser is calling daily to say his solicitor needs to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your conveyancer is obliged to deliver the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor must also confirm that the mortgage has been repaid to the buyers conveyancers. There are no post completion steps just for conveyancing in Undy.
We intend to purchase a newbuild apartment in Undy with a loan from Aldermore.We use our Undy conveyancing solicitor but Aldermore informed us he's not on their approved list of member firms. we are left little option but to use a Aldermore panel solicitor or retain our local solicitor and fork out for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan issued to you contains terms and conditions, a common one being that conveyancers will be on the Aldermore conveyancing panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Aldermore
Will our lawyer be asking questions about flooding as part of the conveyancing in Undy.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Undy. Some people will purchase a property in Undy, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various checks that may be initiated by the purchaser or on a buyer’s behalf which can give them a better appreciation of the risks in Undy. The standard information supplied to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to determine if the premises has suffered from flooding. If the residence has been flooded in past which is not notified by the seller, then a purchaser may bring a legal claim for losses as a result of such an inaccurate answer. A purchaser’s solicitors may also order an environmental search. This should higlight whether there is a recorded flood risk. If so, further investigations should be carried out.
Despite weeks of looking the Title Certificate and documents to our home are lost. The lawyers who conducted the conveyancing in Undy 10 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical official documentation to evidence that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I need to instruct a conveyancing lawyer in Undy for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
Anyone can see published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.
What are the common deficiencies that you see in leases for Undy properties?
There is nothing unique about leasehold conveyancing in Undy. Most leases are individual and legal mistakes in the legal wording can result in certain sections are wrong. For example, if your lease is missing any of the following, it could be defective:
-
A provision for the recovery of money spent for the benefit of another party. Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Coventry Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.
Undy Leasehold Conveyancing - Sample of Questions you should consider Prior to Purchasing
-
Who are the managing agents? The answer will be useful as a) areas could cause problems in the block as the common areas may start to deteriorate where repairs are not paid for b) if the leaseholders have a dispute with the running of the building you will need to know about it