Finally the sale completed on my house in Shildon last November but our buyer keeps whats apping every few hours complaining that his lawyer is waiting to hear from mine. What should my lawyer have done following completion?
Following your sale your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Where relevant, your solicitor should also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There is unlikely to be post completion steps just for conveyancing in Shildon.
What will a local search reveal about the house my wife and I purchasing in Shildon?
Shildon conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search is essential in every Shildon conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
4 months have gone by following my purchase conveyancing in Shildon took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 premises 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.
I am on look out for some leasehold conveyancing in Shildon. Before I set the wheels in motion I require certainty as to the remaining lease term.
Assuming the lease is registered - and almost all are in Shildon - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Shildon Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
How long is the Lease? Is there a share of the freehold? You will want to discover as much as possible regarding the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are often in the clutches of the managing agents both financially and when it comes to every day issues like the tidiness of the communal areas. Ask other people what they think of them. On a final note, find out the dates that the service charges are due to the appropriate party and precisely what it includes.
Am in the process of buying my first house in Shildon. Conveyancing lawyer has been appointed. The mortgage adviser pointed out that a survey is not needed as the house was only built 16 yrs ago.
The bare minimum you need a Home Buyer's Report. As the property was constructed more than a decade ago the property will not come with a warranty, so you don't want to take a risk. Where a property of this age shows no signs of problems a Home Buyer's report could be sufficient. The report should highlight any apparent issues and recommend additional investigation where appropriate. Where there are any indications of problems obtain a comprehensive Building Survey from the beginning.