Having sold my house in Batheaston last spec month but the buyer keeps SMS messaging me to say her conveyancer is waiting to hear from myconveyancer. What should my lawyer have done following completion?
Following your disposal your conveyancer should send the transfer documentation and all of the paperwork to the purchaser's lawyers. Where appropriate, your lawyer must also send confirmation that the mortgage has been paid off to the buyers lawyers. There are no post completion requirements peculiar conveyancing in Batheaston.
We are buying a house in Batheaston. I might seem paranoid but how we can trust a conveyancer? On completion day we have to put money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Batheaston I like with a park and transport links nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Batheaston for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.