Completed the sale of my flat in Huntingdon last June yet the purchaser is SMS messaging daily to say his conveyancer needs to hear from mine. What should my lawyer have done following completion?
Following your disposal your conveyancer should deliver the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer should also confirm that the mortgage has been repaid to the buyers lawyers. There are no post completion procedures just for conveyancing in Huntingdon.
Please explain the implications if my solicitor is suspended from the Lloyds Solicitor panel ahead of completing my conveyancing in Huntingdon?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Just had an offer accepted on a new build flat in Huntingdon. Conveyancing is daunting 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.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Huntingdon
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Due to the input of my in-laws I had a survey completed on a house in Huntingdon prior to instructing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some banks tend not give a loan on this type of home.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Huntingdon. Conveyancing will be smoother if you use a solicitor in Huntingdon especially if they are accustomed to such properties in Huntingdon.
I am looking for a conveyancing lawyer in Huntingdon for my house move. Is there any facility to check a solicitor's record with the profession’s regulator?
Anyone can see published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I am on look out for some leasehold conveyancing in Huntingdon. Before I set the wheels in motion I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Huntingdon - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Huntingdon Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
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Make sure you discover if the the lease includes any onerous restrictions in the lease. For instance it is very common in Huntingdon leases that pets are not allowed in in a block in Huntingdon. If you like the flatin Huntingdon but your cat is not allowed to move with you then you have a very difficult choice. Does the lease contain onerous restrictions? Please note that where the lease has fewer than eighty years it will impact the value of the property. It is worth checking with your lender that they are content with residual term of the lease. A short lease means that you will probably require a lease extension sooner rather than later and it is worth discovering what this would cost. Remember, in most cases you will be be obliged to have owned the premises for 24 months before you are entitled to carry out a lease extension.