Finally the sale completed on my house in Botley last March yet the purchaser is SMS messaging me to moan that her solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Following your disposal your conveyancer is obliged to forward the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your solicitor must also confirm that the home loan has been paid off to the buyers conveyancers. There are no post completion procedures peculiar conveyancing in Botley.
I have Fifty Six years remaining on my lease and require a lease extension for my flat in Botley. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/4/2019 the requirements read as follows :
I have been told that property searches are the primary reason for obstruction in Botley house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Botley.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Botley I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Botley for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
We're new to the buying process - agreed a price, but the estate agent has warned us that the owners will only move forward if we appoint their preferred solicitors as they need a ‘quick sale’. We would rather use a local conveyancer who is accustomed to conveyancing in Botley
We suspect that the owner is not behind this requirement. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to instruct your own,trusted Botley conveyancing solicitors - rather thanthose that will give the negotiator at the agency a referral fee or achieve conveyancing figures demanded by HQ.