Having sold my house in Llantrisant last May but the buyer keeps calling me to moan that her lawyer needs to hear from mylawyer. What are the post completion sale legalities following completion?
After completion of your house sale your solicitor should forward the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Where appropriate, your solicitor should also send confirmation that the home loan has been paid off to the purchasers lawyers. There is unlikely to be post completion procedures just for conveyancing in Llantrisant.
What is the difference between a licensed conveyancer and conveyancing solicitor in Llantrisant
There are many recorded licenced Conveyancers in Llantrisant and Solicitor partnerships in Llantrisant who can help with your conveyancing It is important to make clear that the two are regulated professionals specialising in the legal aspects of the home buying process. Both can deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am buying a property in Llantrisant. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?
As you are obtaining a mortgage with Lloyds your lawyer must follow the formal requirements contained in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease does not satisfy these provisions. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Llantrisant.
I currently have a mortgage with HSBC for my property in Llantrisant. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
HSBC must be informed of your intention before renting your property as this is likely to be a breach of HSBC’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel lawyer.
Are there restrictive covenants that are commonly identified as part of conveyancing in Llantrisant?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Llantrisant. 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…’
Is it best to go with a Llantrisant conveyancing lawyer based in the area that I am buying? We have a good friend who can execute the legal work but they are based a couple of hundredkilometers drive away.
The primary upside of using a high street Llantrisant conveyancing firm is that you can drop in to sign documents, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that should surpass using an unfamiliar Llantrisant conveyancing lawyer solely due to them being Llantrisant based.
What advice can you give us when it comes to choosing a Llantrisant conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Llantrisant conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with several firms including non Llantrisant conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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How many lease extensions has the firm carried out in Llantrisant in the last twenty four months? How familiar is the firm with lease extension legislation?
Llantrisant Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
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For many Llantrisant leaseholds the outlay for major works are not incorporated into the maintenance charges, albeit that there some managing agents in Llantrisant obliged leasehold owners to pay into a reserve fund and this is used to offset against major repairs or maintenance. Are there any major works in the planning that will add a premium to the service fees? The prefered form of lease arrangement is a share of the freehold. In this scenario the tenants have being in charge if their destiny and even though a managing agent is often employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.
How up-to-date is your database of lawyers on the bank conveyancing panel in Llantrisant? Do the banks send you an updated list?
Llantrisant firms and firms carrying out conveyancing in Llantrisant themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.