Finally the sale completed on my house in Moston last June yet the purchaser is SMS messaging daily complaining that his lawyer is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
After completion of your disposal your solicitor is obliged to forward the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There are no post completion procedures peculiar conveyancing in Moston.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Moston. 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 are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Moston
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I am looking for a ground for flat up to £195,000 and identified one round the corner in Moston I like with open areas and railway links nearby, the downside is that it only has 49 years unexpired on the lease. I can't really find anything else in Moston for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
How can the Landlord & Tenant Act 1954 impact my commercial property in Moston and how can your lawyers assist?
The 1954 Act gives security of tenure to commercial lessees, granting the right to apply to court for a renewal tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Moston is one of the many areas of the UK in which the firms we work with are located
We're first time buyers - agreed a price, yet the estate agent advised that the seller will only move forward if we instruct their recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer used to conveyancing in Moston
It is unlikely the owners are driving this. Should the vendor desire ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Moston conveyancing solicitors - not the ones that will earn their estate agent a kickback or hit his conveyancing thresholds pre-set by head office.
I cannot get to my Moston conveyancing lawyers office to sign documents for conveyancing in Moston – is this a problem?
No. Moston conveyancing solicitors can handle home moves for clients nationally. It is not necessary for you to be able to meet your lawyer in the flesh at a Moston conveyancers office. Almost all solicitor can handle all communications via phone, post and email - whatever works for you.