Having sold my house in Barking last June yet the purchaser is whats apping me to moan that their conveyancer needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Following your sale your conveyancer is duty bound to send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where appropriate, your solicitor should also send confirmation that the mortgage has been repaid to the buyers conveyancers. There is unlikely to be post completion requirements specific conveyancing in Barking.
What is the best way to check that the solicitor handling my conveyancing in Barking is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Britannia thus paying £187.00 plus VAT in additional conveyancing invoice.
Please do make the most of the search tool on this page. Please choose the lender and type ‘Barking’ or your preferred area and you will discover numerous conveyancers located in Barking or nearest you.
I have justfound out that Wolstenholmes have closed. They conducted my conveyancing in Barking for a purchase of a freehold house 18 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Barking conveyancing specialists.
I'm purchasing my first flat in Barking with a loan from Nationwide Building Society. The builders would not budge the price so I negotiated £7000 of additionals instead. The property agent suggested that I not to tell my conveyancer about the side-deal as it would adversely affect my loan with Nationwide Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I work for a busy estate agent office in Barking where we have witnessed a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Barking conveyancing solicitors. Please can you confirm whether the vendor of a flat can commence the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Notwithstanding our best endeavours, we have been unsuccessful in seeking a lease extension in Barking. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Barking conveyancing firm who can help.
An example of a Lease Extension decision for a Barking flat is 240 Strone Road in January 2014. the tribunal held that the price to be paid for the freehold interest was£23,538 of which£13,017 is attributable to the ground floor flat and £10,521 to the first floor flat. This case was in relation to 2 flats. The unexpired residue of the current lease was 65.5 years.