Much to our surprise we have been told by our mortgage adviser that my Maulden the law firm I have appointed is not on the lender Solicitor panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to call your Maulden lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they may be able to suggest a Maulden conveyancing firm that is on the approved list of lawyers for your mortgage company.
Finally the sale completed on my house in Maulden last March but our buyer keeps texting me to moan that their solicitor is waiting to hear from mylawyer. What should have happened following completion?
Post completion of your sale your solicitor is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also confirm that the home loan has been redeemed to the purchasers conveyancers. There are no post completion procedures specific conveyancing in Maulden.
I require expedited conveyancing in Maulden as I have a deadline to exchange contracts within 2 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are not taking a mortgage you are at free not to have searches conducted although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Maulden the following are instances of issues that can crop up and adversely affect market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up during conveyancing in Maulden?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Maulden. 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…’
How does conveyancing in Maulden differ for newly converted properties?
Most buyers of new build residence in Maulden come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Maulden typically purchase the land, 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 conveyancing solicitors 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 Maulden or who has acted in the same development.
Having had my offer accepted I require leasehold conveyancing in Maulden. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and most are in Maulden - 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.
Maulden Conveyancing for Leasehold Flats - Examples of Questions you should consider Prior to buying
You should be aware that where the lease has fewer than 80 years it will impact the value of the property. Check with your bank that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. Remember, in most cases you will be be obliged to have been the owner of the property for a couple of years in order to be entitled to carry out a lease extension. Many Maulden leasehold properties will incur a service bill for maintenance of the block invoiced on behalf of the freeholder. Should you purchase the flat you will have to pay this amount, normally in instalments accross the year. This may be anything from a couple of hundred pounds to thousands of pounds for buildings with lifts and large common grounds. In all likelihood there will be a rentcharge for you to pay yearly, this is usually not a significant figure, say approximately £50-£100 but you should to enquire as occasionally it could be surprisingly expensive. How much is the maintenance charge and ground rent on the property?