Completed the sale of my flat in Winterbourne last January yet the purchaser is whats apping daily to moan that his conveyancer needs to hear from mine. What should my lawyer have done following completion?
Post completion of your sale your solicitor should send the transfer deeds and all additional paperwork to the buyer’s solicitors. Where appropriate, your solicitor should also confirm that the legal charge in favour of the lender has been discharged to the purchasers conveyancers. There are no post completion requirements specific conveyancing in Winterbourne.
The deeds to my home can not be found. The conveyancers who did the conveyancing in Winterbourne 4 years ago have long since closed. What are my next steps?
As long as you have a registered title the details of your proprietorship will be held by HMLR under a Title Number. It is easy to execute a search at the Land Registry, locate your property and get current copies of the Registered Entries for a small fee. Where the title is Leasehold then the Land Registry will also normally retain a file copy of the Registered Lease and again, a copy can be obtained for a small fee.
How does conveyancing in Winterbourne differ for newly converted properties?
Most buyers of new build premises in Winterbourne come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Winterbourne usually acquire the land, 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 conveyancers 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 Winterbourne or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Winterbourne I like with a park and railway links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in Winterbourne suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will likely be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Estate agents have just been given the go-ahead to market my 2 bed flat in Winterbourne. Conveyancing lawyers have not yet been instructed, but I have just received a quarterly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the maintenance contribution as usual because all ground rent and service payments should be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Winterbourne Leasehold Conveyancing - Examples of Questions you should ask before Purchasing
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On the whole the cost for major works are not wrapped into the maintenance charges, albeit that some managing agents in Winterbourne ask leaseholders to contribute towards a sinking fund created for the specific purpose of building a fund for larger works. How much is the ground rent and service charge? Best to be warned whether fixing the lift or some other major work is coming up that will be shared by the tenants and will materially impact the level of the service charges or result in a specific invoice.
What is the distinction between surveying and conveyancing in Winterbourne?
Conveyancing - in Winterbourne or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you discover the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the seller to remedy the defects prior to you move in.