Finally the sale completed on my house in Kidsgrove last February yet the purchaser is whats apping every few hours to say his lawyer is waiting to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your sale your lawyer is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers solicitors. There is unlikely to be post completion tasks unique to conveyancing in Kidsgrove.
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Kidsgrove?
Many commercial conveyancing solicitors in Kidsgrove will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Kidsgrove. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kidsgrove.
For each commercial conveyancing transaction in Kidsgrove it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Kidsgrove commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Kidsgrove.
My wife and I have a semi-detached Edwardian house in Kidsgrove. Conveyancing practitioner acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Kidsgrove 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 buyers. You can also question the position with the conveyancing solicitor who completed the work.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Kidsgrove is where the house is located. Can you offer any opinion?
Flying freeholds in Kidsgrove are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kidsgrove you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kidsgrove 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 property.
Last February I purchased a leasehold flat in Kidsgrove. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Kidsgrove Leasehold Conveyancing - A selection of Queries before buying
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If a Kidsgrove lease has less than eighty years it will have adverse implications on the value of the property. It is worth checking with your lender that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out what this would cost. For most Kidsgrovelease extensions you would need to own the premises for 24 months in order to be eligible to extend the lease. What is the length of the lease? Are any of leasehold owners in arrears of their service charge payments?