Finally the sale completed on my house in Wisbech last September yet the purchaser is SMS messaging every few hours to moan that their lawyer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your house sale your conveyancer should send the transfer deeds and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer should also send confirmation that the mortgage has been discharged to the purchasers solicitors. There are no post completion formalities unique to conveyancing in Wisbech.
We're in Wisbech, First timers purchasing with a mortgage (lender is Yorkshire BS , and our lawyer is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Are there restrictive covenants that are commonly picked up during conveyancing in Wisbech?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Wisbech. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build apartment in Wisbech. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Wisbech
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My partner has suggested that I appoint his lawyers for conveyancing in Wisbech. Should I use them?
Much as we are happy to recommend a Wisbech conveyancing lawyer the best way to find a conveyancing lawyer is to seek guidance from friends or family who have actually experience in using the conveyancer you're are thinking of instructing.
Estate agents have just been given the go-ahead to market my garden flat in Wisbech. Conveyancing lawyers have not yet been instructed, however I have just received a quarterly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as you normally would given that all ground rent and maintenance payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice 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.
Leasehold Conveyancing in Wisbech - Examples of Questions you should consider Prior to Purchasing
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Most Wisbech leasehold properties will incur a service bill for the upkeep of the block levied by the freeholder. If you buy the apartment you will have to meet this amount, usually in instalments throughout the year. This may vary from several hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, normally this is not a exorbitant sum, say approximately £25-£75 but you need to enquire as on occasion it can be many hundreds of pounds. For most Wisbech leaseholds the cost for major works tend not to be wrapped into the maintenance charges, although there some managing agents in Wisbech obliged leaseholders to pay into a sinking fund created for the specific purpose of establishing a fund for larger repairs or maintenance. Best to be warned whether fixing the lift or some other significant cost is pending that will be shared by the leasehold owners and will materially impact the level of the maintenance costs or require a specific payment.