Finally the sale completed on my house in Yate last June but my buyer keeps calling every few hours to moan that her conveyancer needs to hear from mine. What should have happened following completion?
After completion of your house sale your lawyer is obliged to deliver the transfer deeds and all of the paperwork to the buyer’s lawyers. Where relevant, your conveyancer must also send confirmation that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion requirements just for conveyancing in Yate.
We are purchasing a property and the solicitor has mentioned Chancel Repair for which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has recommended insurance. Is this really warranted for conveyancing in Yate
Unless a previous acquisition of the house completed after 12 October 2013 you may assume that lawyers conducting conveyancing in Yate to remain recommending a chancel search and or insurance against a claim.
I am buying a new build apartment in Yate. 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 legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Yate
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Please confirm the Lease plans are architect prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I was pointed in your direction by a few selling agents in Yate to choose a conveyancer on your site. What’s the financial upside for Estate Agents to recommend your site over alternative conveyancing organisations?
We refuse to make any financial incentive for directing people our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I am attracted to a two maisonettes in Yate both have about 50 years left on the lease term. Do I need to be concerned?
A lease is a right to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and it becomes more expensive to acquire a lease extension. This is why it is generally wise to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this area.
Leasehold Conveyancing in Yate - Sample of Queries Prior to Purchasing
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How long is the Lease? Are any of leasehold owners in dispute over their service charge payments? This question is helpful as a) areas can result in problems for the block as the communal areas may start to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the managing agents you will wish to know about it
I am an executor of my recently deceased mother’s Will, with a house in Yate which is to be sold. The house is unregistered at HMLR and I'm told that some buyers solicitors will insist that it is in place before they will move forward. What's the mechanism for this?
In the circumstances you refer to it seems prudent to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.