Finally the sale completed on my house in Aughton last April but the buyer keeps calling every few hours to say their lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your conveyancer should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. If applicable, your solicitor must also send confirmation that the home loan has been paid off to the buyers lawyers. There are no post completion formalities just for conveyancing in Aughton.
About to place a bid on a leasehold apartment in Aughton. The estate agents advise that it is the norm for flats in Aughton to have less than 75 years unexpired on the lease. I am expecting a loan with Platform. Is this going to be acceptable if the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 27/12/2024 the requirements read as follows :
Are there restrictive covenants that are commonly identified as part of conveyancing in Aughton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Aughton. 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…’
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, no chain conveyancing. Aughton is the location of the property. Is there any guidance you can give?
Flying freeholds in Aughton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Aughton 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 Aughton may determine 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 premises.
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