Having sold my house in Vauxhall last March yet the purchaser is whats apping daily complaining that his solicitor is waiting to hear from myconveyancer. What should my lawyer have done following completion?
After completion of your house sale your lawyer should deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor should also evidence that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion procedures just for conveyancing in Vauxhall.
The Vauxhall conveyancing solicitors that I appointed last week on my purchase in Vauxhall have without warning shut down. I chose them because I had to have a solicitor on the Leeds Building Society conveyancing panel and my family Vauxhall lawyer was not. I paid them 275 plus VAT in advance. What do I do now?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Leeds Building Society conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
I'm purchasing a new build house in Vauxhall with a mortgage from Birmingham Midshires. The sellers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about the deal as it could put at risk my loan with Birmingham Midshires. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £305k and found one round the corner in Vauxhall I like with open areas and railway links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Vauxhall in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage that many years will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have just discovered that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Vauxhall. Conveyancing advisers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Vauxhall ?
The majority of houses in Vauxhall are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Vauxhall in which case you should be looking for a Vauxhall conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer should report to you on the legal implications.
I am the leaseholder of a second floor flat in Vauxhall. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
Most certainly. We can put you in touch with a Vauxhall conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Vauxhall property is Flats 12A & 19, Evelyn Mansions Carlisle Place in June 2009. The Tribunal held that the price to be paid for the new lease of Flat 12A is £168,824, For the other flat the price was set at £169,110 This case was in relation to 2 flats. The unexpired term as at the valuation date was 56 years.