Having sold my house in Hay On Wye last May but our buyer keeps e-mailing every few hours to say their conveyancer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your disposal your solicitor should deliver the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers lawyers. There are no post completion tasks specific conveyancing in Hay On Wye.
The estate agent has sent us the confirmation of our purchase of a new build flat in Hay On Wye. Conveyancing is necessary evil 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.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Hay On Wye
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Hay On Wye I like with a park and transport links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Hay On Wye suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I am 3 weeks into a residential purchase having been directed to a firm by the estate agent to do our conveyancing in Hay On Wye. We are not happy. Could you you assist me in finding new lawyers?
A conveyancer would need to be very poor to suggest diss instructing them. Has the mortgage offer been generated? If so you need to make them aware of the replacement solicitor and have the loan are issued to the new lawyers. The solicitor ideally should be on the lenders approved list to avoid added charges and delays. That should be your starting point. Our search tool should assist you in finding a lender approved solicitor for your conveyancing in Hay On Wye
My husband and I have just had an offer agreed on a flat and had an appointment on Monday with Leeds Building Society for the mortgage. They have informed us that when it comes to appointing a property lawyer that if they are not on their approved list of solicitors then we will incur an additional charge of £200. This is is due to the fact that they would then have to instruct a property lawyer to act for them as well as the one we choose to act on our behalf and we are liable for their invoice. I have requested Leeds Building Society to provide me with a list so I can obtain quotes only from their approved solicitors but was told that I need to check with each individual solicitor to see if they are on the panel. Is their an easier way of going about this?
Ask Leeds Building Society what their panel criteria is for a solicitor.Thereafter ask the conveyancing practitioner of your choice whether they meet the criteria and have they acted on loans for Leeds Building Society before. Where the answer to those is yes, then just clarify this with Leeds Building Society. Alternatively please utilise our search facility and we should be able to find you a lawyer in Hay On Wye on the panel for Leeds Building Society.