Completed the sale of my flat in Corbridge last December yet the purchaser is Skype messaging every few hours to moan that his conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
Following your sale your lawyer should deliver the transfer deeds and all additional paperwork to the purchaser's lawyers. If applicable, your solicitor must also evidence that the mortgage has been discharged to the buyers solicitors. There are no post completion procedures unique to conveyancing in Corbridge.
Should my lawyer be making enquiries about flooding during the conveyancing in Corbridge.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Corbridge. Plenty of people will acquire a house in Corbridge, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, however there are a various searches that may be undertaken by the buyer or by their conveyancers which can figure out the risks in Corbridge. The standard completed inquiry forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the vendor to find out if the property has historically flooded. In the event that flooding has previously occurred which is not revealed by the seller, then a purchaser could issue a compensation claim as a result of such an incorrect answer. The buyer’s lawyers will also order an enviro search. This will disclose whether there is a recorded flood risk. If so, additional inquiries will need to be carried out.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Corbridge is the location of the property. Is there any guidance you can impart?
Flying freeholds in Corbridge are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Corbridge you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Corbridge 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 using a search engine for the phrase cheap conveyancing in Corbridge it shows results of numerous solicitorslocally. With so much choice what is the best way to find the right solicitor for me?
The best method of finding a suitable conveyancer is via trusted referral, so enquire of colleagues and those you trust who have acquired a property in Corbridge or a respected estate agent or mortgage broker. Charges for conveyancing in Corbridge differ, so it's advisable to secure at least three estimates from different companies. Make sure that you clarify what costs in the quote includes.
Back In 2007, I bought a leasehold flat in Corbridge. Conveyancing and Accord Mortgages Ltd mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Corbridge who previously acted has long since retired. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Corbridge conveyancing solicitor to do this as it can be done on-line for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Corbridge Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
What is the service charge and ground rent on the apartment? Is anyone aware of any major works anticipated that will add a premium to the service fees?