Have just purchased a repossessed house at auction in Aldeburgh. Conveyancing is required. What are my next steps?
Given that you have now legally bound yourself to purchase you must choose a conveyancing lawyer as a matter of urgency as you are faced with a tight a fixed date to complete the deal. All auction property should have an associated auction pack. This will likely include evidence of title and search results. If you have purchased leasehold premises the legal papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to leasehold premises. You need to give this to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding in order to complete on the date specified in the contract.
I am the only beneficiary of my late mum's estate and I have everything in my name now, including the house in Aldeburgh. The Aldeburgh property was put into my name in June. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the house in June. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How practical a view banks take of it, depend on the bank as this obligation chiefly exists to pick up on the purchase and immediately sell or the quick reselling of property.
I am due to exchange contracts on my flat. I had a double glazing fitted in December 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Principality are being a right pain. The Aldeburgh solicitor who is on the Principality conveyancing panel is saying indemnity insurance will be fine but Principality are requiring a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require quick conveyancing in Aldeburgh as I am under a deadline to exchange contracts inside 2 weeks. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you have the choice not to do searches although no conveyancer would recommend that you don't. Drawing on years of experience of conveyancing in Aldeburgh the following are instances of what can arise and adversely affect market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I have been on the look out for a flat up to £195,000 and found one close by in Aldeburgh I like with open areas and railway links nearby, the downside is that it's only got 61 years on the lease. There is not much else in Aldeburgh in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage that many years will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
In what way does the Landlord & Tenant Act 1954 affect my commercial premises in Aldeburgh and how can you help?
The particular law that you refer to gives a safeguard to commercial lessees, granting the legal entitlement to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Aldeburgh
What are my options where I am unhappy with the lawyer who conducted my conveyancing in Aldeburgh?
We live in an imperfect world, and is is a fact of life that occasionally things do go wrong. However there is recourse where you were dissatisfied with your conveyancing in Aldeburgh. This varies from trying to resolve matters directly with them, through to reporting a property lawyer to their regulator. If you remain unhappy you may consider enlisting the help of the Legal Ombudsman.