Completed the sale of my flat in Lyme Regis last April but the buyer keeps texting me complaining that their conveyancer is waiting to hear from mine. What should have happened now that I have sold?
Following your disposal your conveyancer should deliver the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Where appropriate, your conveyancer must also evidence that the mortgage has been discharged to the buyers lawyers. There are no post completion procedures just for conveyancing in Lyme Regis.
Are there restrictive covenants that are commonly picked up during conveyancing in Lyme Regis?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Lyme Regis. 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 ground for flat up to £235,500 and found one close by in Lyme Regis I like with amenity areas and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Lyme Regis in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I'm refinancing my primary property to a buy to let mortgage with Nationwide Building Society and I will use the ballance of the raised equity towards a second house. The location we are talking about is Lyme Regis. Will your conveyancers be able to act for the two banks and link together the conveyances?
Do use our search tool on this page to ensure that the conveyancers are on the relevant lender panels. Assuming that they are your solicitor should be able to tie up the two conveyancing matters but you should have a chat with you conveyancer and communicate your desired outcome and needs.
Do all mortgage companies provide you with an approved list of Lyme Regis solicitors? How do you know who is on the bank conveyancing panel?
Lyme Regis firms and firms conducting conveyancing in Lyme Regis themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.