Having sold my house in Rise Park last November yet the purchaser is texting daily to moan that his solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Post completion of your disposal your lawyer is committed to send the transfer documentation and all of the paperwork to the purchaser's conveyancer. Where relevant, your conveyancer should also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There are no post completion procedures peculiar conveyancing in Rise Park.
About to place an offer on a leasehold property in Rise Park. The property agents advise that it is standard for flats in Rise Park to have less than 75 years left on the lease. I am getting a mortgage with Platform. Is this going to be a problem if the lease has Seventy One years to go.
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 30/10/2024 the requirements read as follows :
Despite weeks of looking the Title Certificate and documents to my house are lost. The solicitors who conducted the conveyancing in Rise Park 5 years ago are no longer around. Will I be able to sell the house?
Assuming you have a registered title the details of your ownership will be evidenced by HMLR under a Title Number. It is possible to carry out a search at the Land Registry, locate your property and get up to date copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I'm buying my first flat in Rise Park benefiting from help to buy. The sellers refused to budge the price so I negotiated 6k of additionals instead. The estate agent told me not reveal to my lawyer about this deal as it may put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I wish to let out my leasehold flat in Rise Park. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A lease dictates the relationship between the landlord and you the leaseholder; in particular, it will indicate if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Rise Park do not contain an absolute prevention of subletting – such a provision would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
Following months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Rise Park. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Lease Extension case for a Rise Park property is Flat b 14 Kemble Road in May 2014. The Tribunal assessed the value of the premium payable for the lease extension to be £9,761 This case was in relation to 1 flat.