Having sold my house in Bursledon last September yet the purchaser is texting every few hours to moan that his lawyer needs to hear from mysolicitor. What are the post completion sale legalities now that I have sold?

Post completion of your sale your lawyer should deliver the transfer documentation and all of the paperwork to the purchaser's lawyers. Where relevant, your conveyancer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion formalities specific conveyancing in Bursledon.

I own a semi-detached Georgian house in Bursledon. Conveyancing practitioner acted for me and . I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?

You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bursledon and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing solicitor who conducted the conveyancing.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, no chain conveyancing. Bursledon is the location of the property. Can you offer any advice?

Flying freeholds in Bursledon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bursledon you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bursledon may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

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At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Bursledon. As opposed to estate agents and many comparison sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the highest per referral, as opposed to the best value conveyancing in Bursledon

I am attracted to a two maisonettes in Bursledon both have about forty five years left on the lease term. Will this present a problem?

There is no doubt about it. A leasehold apartment in Bursledon is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the value of the property. For most purchasers and banks, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Bursledon conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Bursledon Leasehold Conveyancing - Sample of Queries Prior to buying

The prefered form of lease structure is a share of the freehold. In this situation the lessees benefit from control and even though a managing agent is often retained if it is bigger than a house conversion, the managing agent employed by the leaseholders. How much is the ground rent and service charge? You should want to discover as much as you can about the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the tidiness of the common parts. Enquire of prospective neighbours what they think of their service. In conclusion, investigate as to the dates that the service fees are due to the relevant party and precisely what it includes.