Having sold my house in Brompton last March yet the purchaser is SMS messaging me to moan that their solicitor needs to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your solicitor is committed to deliver the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your solicitor must also confirm that the mortgage has been discharged to the buyers solicitors. There is unlikely to be post completion procedures specific conveyancing in Brompton.
Should my conveyancer be asking questions concerning flooding as part of the conveyancing in Brompton.
Flooding is a growing risk for solicitors carrying out conveyancing in Brompton. There are those who purchase a house in Brompton, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a numerous checks that can be initiated by the purchaser or by their conveyancers which should give them a better appreciation of the risks in Brompton. The standard information sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the owner to determine whether the property has suffered from flooding. In the event that the property has been flooded in past which is not disclosed by the vendor, then a buyer could issue a claim for damages resulting from an inaccurate response. The purchaser’s lawyers may also order an enviro search. This should higlight whether there is a recorded flood risk. If so, additional inquiries should be conducted.
I have recentlydiscovered that Action Conveyancing have closed. They conducted my conveyancing in Brompton for a purchase of a leasehold apartment 10 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Brompton conveyancing specialists.
I am looking for a flat up to £235,500 and found one round the corner in Brompton I like with open areas and transport links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Brompton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
Please can you clarify what options are open to me if my Brompton conveyancing searches shows negative results?
Usually, the majority of problems that arise in Brompton conveyancing search responses can be dealt with in advance of completion or title insurance may be obtained. You need to note that although you intend on buying the premises and might be content to accept the search results, your lender may not, and ultimately the decision rests with them.