Having sold my house in North Shields and Tynemouth last October but my buyer keeps telephoning me to moan that their lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also send confirmation that the home loan has been redeemed to the buyers solicitors. There is unlikely to be post completion procedures unique to conveyancing in North Shields and Tynemouth.
Please explain the implications if my lawyer’s firm is removed from the Coventry BS Solicitor panel ahead of completing my conveyancing in North Shields and Tynemouth?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Are there restrictive covenants that are commonly picked up during conveyancing in North Shields and Tynemouth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in North Shields and Tynemouth. 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 am looking for a leasehold apartment up to £305k and found one round the corner in North Shields and Tynemouth I like with open areas and railway links in the vicinity, the downside is that it only has 51 remaining years left on the lease. There is not much else in North Shields and Tynemouth for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
How do I establish who owns a house in North Shields and Tynemouth?
As long as the premises is registered with the Land Registry, and you have sufficient details of the location of the premises, you should be able to view results from the HMLR of the recorded proprietor for a for less than a fiver.