Having sold my house in Denbighshire last November yet the purchaser is e-mailing every few hours to moan that his lawyer is waiting to hear from mine. What should my lawyer have done following completion?
Post completion of your disposal your lawyer is obliged to deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also send confirmation that the mortgage has been discharged to the buyers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Denbighshire.
I am looking to buy a property and require a conveyancing solicitor in Denbighshire who is on the Alliance & Leicester approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Denbighshire. We dont recommend any particular firm.
I opted to have a survey done on a house in Denbighshire prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies will not issue a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Denbighshire. Conveyancing may be slightly more expensive based on your lender's requirements.
I am tempted by the attractive purchase price for a two apartments in Denbighshire both have about 50 years remaining on the lease term. Will this present a problem?
There are plenty of short leases in Denbighshire. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the saleability of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this field.
Denbighshire Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying
The answer will be useful as a) areas could cause problems for the block as the common areas may start to deteriorate where repairs are not paid for b) if the leasehold owners have an issue with the managing agents you will need to know about it The prefered form of lease structure is a share of the freehold. In this scenario the leaseholders benefit from being in charge if their destiny and notwithstanding that a managing agent is often employed where it is bigger than a house conversion, the managing agent is directed by the tenants. Best to be warned whether fixing the lift or some other significant cost is pending to be shared between the leaseholders and will dramatically increase the the service charges or necessitate a specific payment.
Me and my wife are selling a Denbighshire house we inherited some years ago in 2011. I have over a decades worth of conveyancing experience and, now retired, wish to carry out the legal work. The purchaser's lawyer has informed me that their mortgage company will not allow you to do your own conveyancing insisting the funds to be passed via a solicitor's bank account.
Mortgage requirements to solicitors from all CML members state that If the vendor does not have legal representation the buyer’s lawyers should check whether the mortgage company needs to be notified so that a decision can be made as to whether they are prepared to proceed.