Having sold my house in Belford last May yet the purchaser is SMS messaging me complaining that his solicitor is waiting to hear from mysolicitor. What should have happened following completion?
Following your disposal your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor should also send confirmation that the mortgage has been redeemed to the purchasers lawyers. There are no post completion formalities just for conveyancing in Belford.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial premises in Belford?
Many commercial conveyancing solicitors in Belford will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Belford. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Belford.
For each commercial conveyancing transaction in Belford it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Belford commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Belford.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who conducted the conveyancing in Belford 4 years ago have long since closed. What do I do?
Assuming the title is registered the details of your proprietorship will be recorded by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, find your property and secure current copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
In what way can the Landlord & Tenant Act 1954 impact my business property in Belford and how can you help?
The 1954 Act provides a safeguard to commercial tenants, granting the dueness to apply to court for a new tenancy and remain in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Belford
Are there frequently found deficiencies that you encounter in leases for Belford properties?
There is nothing unique about leasehold conveyancing in Belford. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain clauses are wrong. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain parts of the premises Insurance obligations
You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Barnsley Building Society, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to withdraw.
Belford Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying
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Does the lease have onerous restrictions? Plenty Belford leasehold apartments will incur a service charge for the upkeep of the block invoiced on behalf of the management company. Where you buy the flat you will have to pay this amount, normally quarterly throughout the year. This can be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay annual, this is usually not a significant amount, say approximately £50-£100 but you should to check as sometimes it can be prohibitively expensive.
My wife and I have agreed a price on a Belford ground floor flat we inherited some years ago in 2012. I have over a decades worth of conveyancing knowledge and, although retired, wish to conduct the legal work. The buyer's conveyancer has informed me that their building society will not allow us to do our own conveyancing mandating that the funds to be sent to a solicitor's bank account.
Lending instructions to conveyancers from all mainstream lenders state that If the vendor is not legally represented the buyer’s lawyers should check whether the lender needs to be told so that a decision can be reached as to whether they are willing to proceed.