Finally the sale completed on my house in Kings Langley last July but the buyer keeps texting every few hours to moan that her lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your conveyancer is obliged to send the transfer documentation and all of the paperwork to the purchaser's solicitors. Where relevant, your solicitor should also send confirmation that the mortgage has been redeemed to the buyers lawyers. There are no post completion tasks unique to conveyancing in Kings Langley.
I am buying a terraced house in Kings Langley. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Kings Langley you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Kings Langley.
How does conveyancing in Kings Langley differ for newly converted properties?
Most buyers of new build or newly converted property in Kings Langley approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because builders in Kings Langley usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kings Langley or who has acted in the same development.
I've recently bought a leasehold flat in Kings Langley. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Kings Langley Conveyancing for Leasehold Flats - A selection of Questions you should consider Prior to buying
Are there any major works in the near future that will add a premium to the maintenance fees? Best to be warned whether changing the roof or some other major work is due in the near future to be shared amongst the leasehold owners and will materially increase the the maintenance fees or necessitate a specific payment. Who takes responsibility for maintaining and repairing the block?
We are thinking of instructing an online property lawyer ahead of a Kings Langley conveyancing firm. Any advice?
There are advantages of having the option visit a local Kings Langley conveyancing solicitor for instance
- signing papers on short notice
- getting face-to-face explanations of things you don't understand
- the ability to raise concerns if matters are not going as expected
When analysing quotes, look carefully for hidden extras. The majority decent Kings Langley high street solicitors give an all-inclusive figure. Often online companies seem to offer low cost prices, yet have hidden 'extras' in the small print.