Completed the sale of my flat in Marston Moretaine last May yet the purchaser is texting me complaining that her lawyer is waiting to hear from mysolicitor. What should my lawyer have done following completion?

Post completion of your disposal your solicitor should deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer must also confirm that the mortgage has been paid off to the buyers solicitors. There are no post completion formalities just for conveyancing in Marston Moretaine.

Just bought a semi-detached house in Marston Moretaine , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Marston Moretaine conveyancing solicitor works at snail pace, so I want to check the registration formalities are addressed.

As far as conveyancing in Marston Moretaine registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry communicate with any 3rd parties. Currently approximately 80% of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Historically registration occurs once the purchaser is living at the premises thus post completion formalities is not typically primary concern but where there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.

How does conveyancing in Marston Moretaine differ for new build properties?

Most buyers of new build property in Marston Moretaine contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Marston Moretaine usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Marston Moretaine or who has acted in the same development.

I am looking for a leasehold apartment up to £305k and identified one near me in Marston Moretaine I like with a park and transport links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Marston Moretaine suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you need a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.

I am employed by a busy estate agent office in Marston Moretaine where we have experienced a few leasehold sales derailed due to leases having less than 80 years remaining. I have been given inconsistent advice from local Marston Moretaine conveyancing solicitors. Could you confirm whether the seller of a flat can start the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.

Alternatively, it may be possible to agree the lease extension with the freeholder 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 buyer.

Marston Moretaine Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

You will want to find out as much as you can regarding the company managing the building as they can either make living at the property much simpler or much more difficult. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical matters such as the tidiness of the common parts. Ask prospective neighbours if they are happy with them. In conclusion, investigate as to the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending the funds. This question is helpful as a) areas may result in problems in the building as the communal areas may start to deteriorate where services are not paid for b) if the leasehold owners have a dispute with the running of the building you will want to know about it The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees have being in charge if their destiny and even though a managing agent is often employed if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.