Having sold my house in The Park last January but our buyer keeps Skype messaging daily to moan that their solicitor is waiting to hear from mysolicitor. What should my lawyer have done following completion?
After completion of your disposal your conveyancer should send the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Where appropriate, your conveyancer should also confirm that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion requirements just for conveyancing in The Park.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a ground floor flat in The Park. Do I receive the keys to the premises on completion from my lawyer? If so, I will instruct a local conveyancing solicitor in The Park?
On the day of completion you will not be required to attend the conveyancers office in The Park. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s lawyers, and once they have received this, you should be invited to collect the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
Please help - my lawyer says that missing deeds insurance is required on my purchase. What is the typical level of cover needed for conveyancing in The Park?
The right level of missing deeds indemnity insurance should be dictated by who your lender. It would differ for example between Birmingham Midshires and Skipton Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
Completion of my purchase has taken place for my property in The Park. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I need some fast conveyancing in The Park as I am faced with pressure to complete in less than one month. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not obtaining a mortgage you have the choice not to have searches carried out although no lawyer would suggest that you don't. With lots of history conveyancing in The Park the following are examples of issues that can be revealed and therefore impact the marketability of the property: Enforcement Actions, Overdue Charges, Outstanding Grants, Railway Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build apartment in The Park. 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 is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in The Park
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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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Due to the input of my in-laws I had a survey completed on a house in The Park ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies will not give a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in The Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in The Park. Conveyancing advisers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in The Park ?
Most houses in The Park are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area can assist with the conveyancing process. It is clear that you are buying in The Park so you should seriously consider looking for a The Park conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer should appraise you on the various issues.