Completed the sale of my flat in Chorley and Eccleston last December but the buyer keeps Skype messaging every few hours to moan that his solicitor is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer should deliver the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your conveyancer should also evidence that the mortgage has been repaid to the purchasers solicitors. There is unlikely to be post completion tasks just for conveyancing in Chorley and Eccleston.
How can we tell if a Chorley and Eccleston conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Chorley and Eccleston getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor handling your transaction.
My offer was accepted on a house in Chorley and Eccleston on 7/2/2023, valuation was booked 4 days after, all came back fine. Conveyancer appointed, so all that was missing was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Are Virgin Money entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
Yorkshire BS have agreed my mortgage in principle, my bid on a flat in Chorley and Eccleston has been agreed to, now what?
Your estate agent will wish to be informed of your conveyancer's details (ensure that the conveyancers are on the lender’s panel). Telephone Yorkshire BS or your financial adviser and complete any outstanding forms. Yorkshire BS will instruct a valuer who will get in contact with the estate agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Yorkshire BS will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Chorley and Eccleston.
Will my lawyer be making enquiries concerning flooding during the conveyancing in Chorley and Eccleston.
Flooding is a growing risk for conveyancers dealing with homes in Chorley and Eccleston. There are those who buy a house in Chorley and Eccleston, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a numerous searches that may be undertaken by the buyer or by their conveyancers which can give them a better understanding of the risks in Chorley and Eccleston. The conventional set of property information forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the seller to determine if the premises has historically flooded. In the event that flooding has previously occurred and is not revealed by the vendor, then a buyer could bring a claim for damages stemming from an incorrect answer. A buyer’s solicitors should also commission an environmental search. This should indicate whether there is any known flood risk. If so, more detailed investigations will need to be carried out.
I own a 4 bedroom Edwardian house in Chorley and Eccleston. Conveyancing solicitor represented me and TSB. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should read 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 Chorley and Eccleston and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Chorley and Eccleston is where the house is located. Can you shed any light on this issue?
Flying freeholds in Chorley and Eccleston are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chorley and Eccleston you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chorley and Eccleston may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Planning to complete next month on a basement flat in Chorley and Eccleston. Conveyancing lawyers have said that they will have a report out to me on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Chorley and Eccleston should include some of the following:
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How long the lease is. You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark The total extent of the premises. This could be the flat itself but may incorporate a roof space or storage are if appropriate. Whether the lease restricts you from subletting the flat, or working from home You would want to receive a copy of the lease if lease has a provision for a sinking fund?
I purchased a leasehold flat in Chorley and Eccleston, conveyancing was carried out August 1995. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Chorley and Eccleston with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease runs out on 21st October 2103
With only 80 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.