Finally the sale completed on my house in Aylsham last April yet the purchaser is texting every few hours to say their conveyancer is waiting to hear from mylawyer. What should my lawyer have done following completion?
Following your house sale your solicitor is committed to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Where relevant, your lawyer should also evidence that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There are no post completion tasks unique to conveyancing in Aylsham.
Please explain the implications if my lawyer’s firm is suspended from the Co-operative Solicitor panel ahead of completing my conveyancing in Aylsham?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Me and my brother have a renovated Edwardian property in Aylsham. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be 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 Aylsham and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing solicitor who carried out the work.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Aylsham is the location of the property. Is there any guidance you can impart?
Flying freeholds in Aylsham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Aylsham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Aylsham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Aylsham for less than 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Aylsham, including the sale and purchase of businesses as well as simply property. If you are hoping to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right solicitor. Regarding the fees this will depend on the structure and nuances of the deal. Please provide us with your contact information or email so as to enable us to supply you with comprehensive commercial conveyancing quote.