Having sold my house in Nafferton last August but the buyer keeps Skype messaging every few hours to moan that their conveyancer is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Following your disposal your conveyancer should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your solicitor must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion procedures just for conveyancing in Nafferton.
I have been told that property searches are the number one reason for delay in Nafferton conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Nafferton.
It has been five months since my purchase conveyancing in Nafferton took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a property in Nafferton ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Nafferton. Conveyancing may be slightly more expensive based on your lender's requirements.
We are midway through purchasing a house in Nafferton. Conveyancing lawyer has told us the title is "Leasehold". Does this make a difference on our Halifax valuation?
Nafferton conveyancing does not ordinarily involve leasehold houses. The key factor here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it’s unlikely to impact the value too much.
At the other end of the spectrum, if it's, say, 50 years it is bound to have a material impact on the value, and probably wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be stated in the lease which should be made available to your lawyer.