Completed the sale of my flat in Toton last February but our buyer keeps whats apping me complaining that their solicitor needs to hear from mine. What are the post completion sale formalities now that I have sold?
Post completion of your house sale your conveyancer is committed to forward the transfer deeds and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor must also send confirmation that the home loan has been discharged to the buyers lawyers. There is unlikely to be post completion tasks peculiar conveyancing in Toton.
My wife and I own a 4 bedroom Victorian house in Toton. Conveyancing practitioner represented me and Santander. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Toton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
I am buying a new build apartment in Toton. 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 questions that you may expect your new-build leasehold conveyancing in Toton
-
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey done on a house in Toton in advance of appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some lenders will not give a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Toton. Conveyancing will be smoother if you use a solicitor in Toton especially if they are accustomed to such properties in Toton.
I am a fortnight into a freehold purchase having been recommend to a firm by the selling agent to do our conveyancing in Toton. We are not happy. Could you help me find new solicitors?
They would need to be really bad to suggest changing them. Has your loan offer been sent? If so you must make them aware of the new contact details and have the loan are issued to the new lawyers. The solicitor ideally should be on the mortgage company panel to avoid escalating charges and complications. That should be your starting point. Our search tool should help you find a bank approved solicitor for your conveyancing in Toton
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have subsequently found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Toton. Conveyancing solicitors have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Toton ?
The majority of houses in Toton are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Toton in which case you should be shopping around for a Toton conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the freeholder’spermission to conduct changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should advise you fully on all the issues.
Toton Leasehold Conveyancing - Sample of Questions you should consider before Purchasing
-
This information is important as a) areas may result in problems for the building as the common areas may start to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to know about it The majority of Toton leasehold apartments will be liable to pay a service charge for maintenance of the block set by the freeholder. If you buy the apartment you will have to pay this liability, normally periodically throughout the year. This can vary from a couple of hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a ground rent for you to pay yearly, this is usually not a exorbitant figure, say around £50-£100 but you should to enquire it because sometimes it could be many hundreds of pounds.