Just bought a semi-detached house in Pudsey , how long will it take for the Land Registry to register the transfer to my name? My Pudsey conveyancing solicitor works at snail pace, so I want to be sure that my name is recorded.
As far as conveyancing in Pudsey registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can vary subject to who lodges the application, whether there are errors and whether the Land registry need to notify any other persons or bodies. At present in the region of 80% of submission are completed in less than three weeks but occasionally there can be extensive delays. Historically registration occurs once the buyer is living at the premises thus an expedited registration is not typically primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build flat in Pudsey. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Pudsey
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. There must be mutual enforceability of lessee’s covenants.
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Pudsey I like with a park and transport links nearby, however it's only got 52 remaining years left on the lease. I can't really find anything else in Pudsey in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage that many years will be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I have been pointed in your direction by a couple of local property agents in Pudsey to get a quote from a solicitor on your site. What’s the financial incentive for Estate Agents to market your lawyers over and above a competitor’s?
We refuse to make any referral fee for sending work to this site. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Do I stop the direct debit for my mortgage with Santander as soon as a completion date for my home sale in Pudsey has been set?
You are best advised to keep paying any mortgage sums to Santander until the mortgage is paid off on completion as part of your Pudsey conveyancing.