Finally the sale completed on my house in Endon last November yet the purchaser is Skype messaging every few hours to moan that her conveyancer needs to hear from mine. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor should forward the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your solicitor should also send confirmation that the home loan has been paid off to the buyers conveyancers. There is unlikely to be post completion formalities specific conveyancing in Endon.
It has been five months since my purchase conveyancing in Endon completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey completed on a house in Endon prior to appointing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will not give a mortgage on a flying freehold house.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Endon. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the words conveyancing in Endon it brings up numerous property lawyerslocally. How do I determine which is the suitable conveyancing solicitor for the sale of my house?
The preferential method of choosing a suitable conveyancer is via trusted referral, so ask colleagues and family who have purchased a property in Endon or a respected estate agent or mortgage broker. Charges for conveyancing in Endon differ, so it's advisable to secure a minimum of four fee estimates from different solicitors. Dont forget to clarify that the fees are fixed.
I am hoping to put an offer on a small detached house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Endon. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Endon ?
Most houses in Endon are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Endon so you should seriously consider looking for a Endon conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should advise you fully on all the issues.
Endon Leasehold Conveyancing - Examples of Queries before buying
-
How many of the leaseholders are in arrears for their maintenance charge payments? Is the freehold reversion owned jointly by the tenants?
I have finally had an offer on an apartment in Endon accepted, but there is a chain. The sellers have submitted an offer on a property, but it’s not been accepted yet, and has viewings of other properties booked. I have selected a nearby conveyancing lawyer in Endon. What should be my next step? At what stage do I apply for the mortgage with Nationwide?
It is understandable to have concerns where there is a chain given your reluctance to incur costs too early (home loan application is in the region of £1k, then valuation, Endon conveyancing search fees, etc). First, you must check that your conveyancing practitioner is on the Nationwide approved list. Regarding the subsequent phase this very much dictated by the specifics of your transaction, desire for this property and on the state of the market. In a rising market some buyers would apply for the mortgage with Nationwide and pay for the survey and only if it was satisfactory would they request their conveyancer to proceed with searches.