Completed the sale of my flat in Kidderminster last spec month but my buyer keeps Skype messaging every few hours to moan that their conveyancer needs to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your solicitor is obliged to send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Where relevant, your lawyer should also confirm that the mortgage has been redeemed to the purchasers lawyers. There are no post completion formalities peculiar conveyancing in Kidderminster.
Me and my brother purchased a 4 bedroom Victorian property in Kidderminster. Conveyancing lawyer acted for me and . I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Kidderminster and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing lawyer who carried out the work.
Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Kidderminster I like with a park and station nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Kidderminster for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.