Having sold my house in Riddlesdown last June but the buyer keeps texting every few hours to say his solicitor is waiting to hear from myconveyancer. What should have happened now that I have sold?
After completion of your sale your conveyancer is committed to deliver the transfer documentation and all of the paperwork to the purchaser's lawyers. If applicable, your solicitor should also evidence that the mortgage has been paid off to the purchasers conveyancers. There are no post completion formalities specific conveyancing in Riddlesdown.
Are there restrictive covenants that are commonly identified during conveyancing in Riddlesdown?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Riddlesdown. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it simple use your search facility to choose a conveyancing lawyer in Riddlesdown on the panel for my bank?
First select a bank such as Santander, Coventry Building Society or Britannia then type in your preferred area such as Riddlesdown. Conveyancing organisations in Riddlesdown and beyond should be identified.
In sourcing the web for the words cheap conveyancing in Riddlesdown it reveals numerous conveyancersin the area. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The best way of choosing a suitable conveyancer is via trusted recommendation, so ask colleagues and relatives who have acquired a property in Riddlesdown or the reputable estate agent or mortgage broker. Costs for conveyancing in Riddlesdown differ, so it's sensible to secure a minimum of three quotes from different solicitors. Make sure that you clarify that the fees are fixed.
I work for a busy estate agency in Riddlesdown where we have experienced a number of leasehold sales put at risk as a result of short leases. I have been given contradictory information from local Riddlesdown conveyancing solicitors. Can you clarify whether the seller of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is 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 purchaser.
I am the proprietor of a basement flat in Riddlesdown. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
if there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Riddlesdown property is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case related to 6 flats. The unexpired lease term was 78.32 years.