Completed the sale of my flat in Ludgershall last May but our buyer keeps telephoning me to moan that his solicitor is waiting to hear from mine. What should have happened following completion?
After completion of your sale your conveyancer should deliver the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor should also evidence that the home loan has been repaid to the buyers lawyers. There are no post completion tasks peculiar conveyancing in Ludgershall.
Do commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in Ludgershall?
Many commercial conveyancing solicitors in Ludgershall will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Ludgershall. 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 Ludgershall.
For every commercial conveyancing transaction in Ludgershall 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 can cause delays to Ludgershall commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Ludgershall.
I used Action Conveyancing several years ago for my conveyancing in Ludgershall. Now, I need my documents however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ludgershall of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Ludgershall differ for new build properties?
Most buyers of new build or newly converted property in Ludgershall approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Ludgershall tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ludgershall or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Ludgershall is where the house is located. Can you shed any light on this issue?
Flying freeholds in Ludgershall are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ludgershall you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ludgershall 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 residence.
Can you provide any top tips for leasehold conveyancing in Ludgershall from the point of view of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Ludgershall can be reduced if you appoint lawyers as soon as you market your property and ask them to collate the leasehold information which will be required by the purchasers’ representatives. The majority of landlords or Management Companies in Ludgershall charge for supplying management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Ludgershall. You may think that you are aware of the number of years left on your lease but it would be wise to verify this via your conveyancers. A buyer’s conveyancer will not be happy to advise their client to where the remaining number of years is less than 75 years. It is therefore essential at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have the benefit of shareholding in the freehold, you should make sure that you hold the original share certificate. Obtaining a duplicate share certificate is often a time consuming process and delays many a Ludgershall home move. Where a reissued share certificate is required, do contact the company officers or managing agents (if applicable) for this sooner rather than later.
Leasehold Conveyancing in Ludgershall - Examples of Queries Prior to buying
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It would be wise to discover as much as possible concerning the managing agents as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to daily matters like the cleanliness of the common parts. You should not be afraid to ask other tenants whether they are happy with their management. In conclusion, find out the dates that you are obliged pay the maintenance charge to the relevant party and precisely what you get for your money. The majority of Ludgershall leasehold properties will be liable to pay a service charge for the upkeep of the block levied on behalf of the landlord. Where you purchase the flat you will have to meet this charge, usually quarterly during the year. This may differ from a few hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. There will also be a rentcharge to be met yearly, this is usually not a exorbitant sum, say about £50-£100 but you should to check it because on occasion it could be many hundreds of pounds.