Completed the sale of my flat in Burton Bradstock last March yet the purchaser is SMS messaging every few hours to say their solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?

Following your house sale your solicitor is committed to deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor must also confirm that the mortgage has been redeemed to the buyers lawyers. There is unlikely to be post completion requirements just for conveyancing in Burton Bradstock.

Various web forums that I have come across warn that are a common reason for hinderance in Burton Bradstock house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Burton Bradstock.

I have been on the look out for a flat up to £305k and found one round the corner in Burton Bradstock I like with a park and station nearby, the downside is that it only has 61 years on the lease. There is not much else in Burton Bradstock in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you require a home loan the remaining unexpired lease term may be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.

I am downsizing from my home. My previous conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Burton Bradstock if that makes a difference.

You should use our search tool to help you find a solicitor for your conveyancing in Burton Bradstock. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.

I am a negotiator for a busy estate agent office in Burton Bradstock where we see a number of leasehold sales derailed due to leases having less than 80 years remaining. I have been given inconsistent advice from local Burton Bradstock conveyancing solicitors. Could you confirm whether the owner of a flat can initiate the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

Burton Bradstock Leasehold Conveyancing - Examples of Queries before Purchasing

In the main the outlay for major works tend not to be included within service charges, although some managing agents in Burton Bradstock ask leaseholders to contribute towards a reserve fund and this is used to offset against major repairs or maintenance. Its a good idea to find out as much as you can about the company managing the building as they will either make life much simpler or uncomfortable. As the owner of a leasehold property you will be in the clutches of the managing agents from a financial perspective and when it comes to practical issues like the tidiness of the common parts. Enquire of prospective neighbours what they think of them. Finally, find out the dates that you are obliged pay the maintenance charge to the relevant party and precisely how they are spending the funds. How many of the leaseholders are in arrears for their maintenance charge payments?