Completed the sale of my flat in Godshill last May yet the purchaser is SMS messaging me to moan that her lawyer needs to hear from mine. What are the post completion sale formalities following completion?
Post completion of your disposal your solicitor should deliver the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Where relevant, your solicitor must also evidence that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Godshill.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Godshill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Godshill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a flat up to £245,000 and found one close by in Godshill I like with open areas and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Godshill suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I have been advised by numerous selling agents in Godshill to get a quote from a solicitor on your site. Is there a financial advantage for Estate Agents to promote your site rather than alternative conveyancing organisations?
We refuse to make any financial incentive for directing people in our direction. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Midway through the sale of a leasehold flat in Godshill. Conveyancing solicitors are doing their job but we are being charged a fortune by the freeholder. To date we have forked out £237 for a leasehold management pack and then another £118 for additional queries raised by the purchaser's lawyer.
Your conveyancer will unlikely have any impact over the level of the charges for this information but the typical costs for the information for Godshill leasehold property is £395. When it comes to Godshill conveyancing transactions it is standard for the seller to pay for these charges. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at high prices out of proportion to the work involved. Regretfully there is no law that requires capped charges for administrative tasks. There is no legal time frame by which they are duty bound to issue the information.