Completed the sale of my flat in Maidenhead last March but our buyer keeps telephoning me to moan that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your sale your solicitor is obliged to deliver the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also evidence that the home loan has been discharged to the buyers conveyancers. There is unlikely to be post completion formalities just for conveyancing in Maidenhead.
The Maidenhead conveyancing lawyers that just started acting on my house acquisition in Maidenhead have suddenly closed. I chose them because I had to have a firm on the Virgin Money conveyancing panel and my previous Maidenhead lawyer was not. I paid them money on account. What are my options?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
My wife and I buying a victorian detached house in Maidenhead. The intention is to carry out a loft conversion at the property.Will legal conveyancing on the property include investigations to ascertain if these alterations are allowed?
Your solicitor should review the registered title as conveyancing in Maidenhead can on occasion identify restrictions in the title deeds which prohibit categories of alterations or need the permission of a 3rd party. Certain works call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I am purchasing a property in Maidenhead. An unusual aspect is that the roof has a solar panel. Barclays have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Barclays your lawyer must check the conveyancing requirements outlined in Part two of UK Finance Lenders’ Handbook for Barclays. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to Barclays where a lease does not meet these specifications. The specifications relate to the installation of panels on properties countrywide and is not limited to Maidenhead.
I was told three weeks ago that my mortgage has been agreed to by Kent Reliance. Is it usual for Kent Reliance to only issue the offer once my solicitor in Maidenhead is approved on their conveyancing panel? Kent Reliance have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying a new build apartment in Maidenhead. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Maidenhead
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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.
I opted to have a survey completed on a house in Maidenhead before retaining solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks will not give a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Maidenhead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maidenhead to see if the conveyancing will be more expensive.
How easy is it to swap solicitor as I have to choose one who is on the Halifax conveyancing list. I instructed a local conveyancing solicitor in Maidenhead round the corner but he is not accepted by Halifax
It would be our pleasure to assist you select a conveyancing solicitor in Maidenhead on the Halifax panel. Please note that the solicitors that we list do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Maidenhead. Using search facility on this site, you can scrutinise charges for conveyancing solicitors in Maidenhead and throughout England and Wales.