Finally the sale completed on my house in Kenton last March but the buyer keeps telephoning daily to say their lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your sale your solicitor is obliged to forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer should also confirm that the home loan has been paid off to the purchasers lawyers. There are no post completion requirements peculiar conveyancing in Kenton.
I am purchasing my first flat in Kenton benefiting from help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about this deal as it may adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Am I right to be concerned by estate agents that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a High Street Kenton conveyancing practice?
As with lots of service providers, often recommendations from family and friends can be most helpful. But there are numerous people with a keen interest in a conveyancing matter; estate agents, financial adviser and mortgage companies may put forward lawyers to appoint. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but occasionally there exists a financial incentive behind the endorsement. You have the right to choose your preferred lawyer. You need to be aware that many mortgage providers specify a panel list of lawyers you must use for the mortgage aspect of your home move.
What are your top tips when it comes to choosing a Kenton conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a Kenton conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Kenton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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What volume of lease extensions has the firm conducted in Kenton in the last year? How familiar is the firm with lease extension legislation?
Having spent years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Kenton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the price payable.
An example of a Freehold Enfranchisement decision for a Kenton property is 139/139A Masons Avenue in February 2010. this was a case with an absentee freeholder. As a result the leaseholders applied to Willesden County Court for an order dispensing with the giving of a notice of claim.14th October 2009 District Judge Brar granted a vesting order and the court directed that the matter should be transferred to this tribunal to determine the freehold premium. The tribunal concluded on a figure of £13,000 for the freehold interest This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 74 years.
I pay a service charge for my property in Kenton. As a result of personal circumstances I slipped behind with payments. The management company agreed a clearance plan but there remains a couple of outstanding at the current time.
I am under pressure to dispose of the property and I am nervous that this could hold me back if I have to pay off the amount due in advance. I'd like to sell up and then discharge the debt from the completion monies - is this viable?
Do check with the conveyancing practitioner handling your Kenton conveyancing but it may be possible to arrange for the outstanding amount to be attributed to the purchasers. The final price due would be adjusted to reflect the amount of debt they assume. They would then deal with the fees once they are the owners.