Finally the sale completed on my house in Putney Heath last April yet the purchaser is Skype messaging daily complaining that their lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your solicitor should deliver the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also confirm that the home loan has been paid off to the buyers solicitors. There are no post completion tasks specific conveyancing in Putney Heath.
How does conveyancing in Putney Heath differ for newly converted properties?
Most buyers of new build residence in Putney Heath contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Putney Heath tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Putney Heath or who has acted in the same development.
I was advised by numerous selling agents in Putney Heath to select a conveyancer on your site. What’s the financial incentive for Estate Agents to market your services ahead of a competitor’s?
We refuse to offer any commission for sending work to this site. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I need to instruct a conveyancing solicitor for freehold conveyancing in Putney Heath. I have discover a site which appears to be the ideal answer If there is a chance to get all the legals done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My partner and I may need to rent out our Putney Heath 1st floor flat for a while due to taking a sabbatical. We instructed a Putney Heath conveyancing practice in 2002 but they have since shut and we did not think at the time seek any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Even though your previous Putney Heath conveyancing lawyer is no longer around you can check your lease to check if you are permitted to let out the apartment. The rule is that if the deeds are silent, subletting is allowed. Quite often there is a prerequisite that you are obliged to obtain consent via your landlord or other appropriate person before subletting. The net result is that you cannot sublet without first obtaining permission. Such consent must not not be unreasonably withheld. If your lease prohibits you from subletting the property you will need to ask your landlord for their consent.
Following years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Putney Heath. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to calculate the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Putney Heath flat is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case related to 3 flats. The remaining number of years on the lease was 66.25 years.