Finally the sale completed on my house in Maesteg last February yet the purchaser is Skype messaging me complaining that her conveyancer is waiting to hear from mine. What should my lawyer have done following completion?
Following your house sale your conveyancer should forward the transfer documentation and all of the paperwork to the buyer’s solicitors. Where relevant, your lawyer must also evidence that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There are no post completion steps just for conveyancing in Maesteg.
About to purchase a new build flat in Maesteg. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Maesteg
There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Maesteg I like with a park and station in the vicinity, however it only has 52 years on the lease. There is not much else in Maesteg in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
How straightforward is it to use the search tool to choose a conveyancing practitioner in Maesteg on the approved list for my lender?
First pick a lender such as Barclays , Chelsea Building Society or Alliance & Leicester then choose your location such as Maesteg. Conveyancing firms in Maesteg and beyond should be listed.
I am due to consider estimates for conveyancing in Maesteg from various conveyancer and choose one. Do I instruct them to sit tight until I a suitable house to buy.
We would recommend that you wait to request your solicitor to commence work and submit searches once the offer has been agreed to on the property particularly as Maesteg conveyancing searches are not cheap.