Having sold my house in Lytchett Matravers last May yet the purchaser is calling me complaining that her lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your house sale your solicitor should deliver the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer should also confirm that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There are no post completion tasks just for conveyancing in Lytchett Matravers.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Lytchett Matravers?
Many commercial conveyancing solicitors in Lytchett Matravers will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Lytchett Matravers. The report sets out definitive information 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 Lytchett Matravers.
For each commercial conveyancing transaction in Lytchett Matravers it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Lytchett Matravers commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Lytchett Matravers.
Just had an offer accepted on a new build apartment in Lytchett Matravers. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Lytchett Matravers
-
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared.
Estate agents have just been given the go-ahead to market my 2 bed flat in Lytchett Matravers. Conveyancing is yet to be initiated, but I have recently received a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the invoice as usual given that all rents and service charges will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Lytchett Matravers Leasehold Conveyancing - A selection of Questions you should consider before buying
-
The majority of Lytchett Matravers leasehold apartments will be liable to pay a service bill for maintenance of the building invoiced by the freeholder. Where you acquire the property you will have to pay this charge, normally periodically accross the year. This can vary from several hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent for you to pay annual, this is usually not a significant figure, say around £25-£75 but you need to check as occasionally it could be prohibitively expensive. How much is the ground rent and service charge? The prefered form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the tenants benefit from being in charge if their destiny and notwithstanding that a managing agent is usually retained where the building is bigger than a house conversion, the managing agent is directed by the tenants.
My brother-in-law has suggested I instruct a conveyancing solicitor in Lytchett Matravers. I I would like to check if they are listed on the bank's conveyancing panel. Could you assist?
It’s a good idea contact the lawyer to check if they are on the bank's approved list. Alternatively please get in touch with us and we can make some checks for you. If they are not on the conveyancing panel we we can help find a specialist conveyancing solicitor in Lytchett Matravers on the panel for your lender.