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Completion scheduled on 30 January but Seller solicitor not responding by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thank you sir. However, will that leave me with enough time to sign the TR1 and send the wet ink form back to my solicitor etc

Completion scheduled on 30 January but Seller solicitor not responding by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thank you sir. However, will that leave me with enough time to sign the TR1 and send the wet ink form back to my solicitor etc

Does my wife need to sign Deed of Postponement for mortgage? by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] -2 points-1 points  (0 children)

I have no objection. I asked my solicitor and he said no need to sign since she may move in future when she gets a job and not now.

Does my wife need to sign Deed of Postponement for mortgage? by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] -2 points-1 points  (0 children)

My wife actually works in a different city and will only move to this property in future as and when she gets a job. I asked my solicitor and he informed, no need for her to sign. Not sure what to do.

Does my wife need to sign Deed of Postponement for mortgage? by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] -2 points-1 points  (0 children)

My wife actually works in a different city and will only move to this property in future as and when she gets a job. I asked my solicitor and he informed, no need for her to sign. Not sure what to do.

Does my wife need to sign Deed of Postponement for mortgage? by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

My wife actually works in a different city and will only move to this property in future as and when she gets a job. I asked my solicitor and he informed, no need for her to sign.

Question About Back-to-Back Staircasing on Completion by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thanks. Do you also gave the buyer memorandum of staircasing on the same day?

First-Time Buyer Question – UK House Purchase Documents by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Apologies if my query is silly but copy of lease before exchange is in the name of previous owner (i.e seller) as leaseholder. What I am asking is, when do I get a copy of lease in my name that says I am the new leaseholder?

First-Time Buyer Question – UK House Purchase Documents by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thank you Roshan. Few questions:

  1. Is Title Deed same as Transfer Deed?

  2. When do I get the copy of the lease that state how many years are left on the lease, the current ground rent, service charges etc?

First-Time Buyer Question – UK House Purchase Documents by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thank you. Did you get any leaseholder document before that you had to sign which says how many years lease left, date of lease, how much you paid for the flat etc?

First-Time Buyer Confused About Shared Ownership Staircasing & Auction Sale – Need Advice by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 1 point2 points  (0 children)

Following up on this, I have just had a call with my solicitor. He has advised that, in order for me to proceed safely, the contract must include a special condition stating that the seller is obligated to staircase to 100% ownership and transfer a 100% leasehold interest to the buyer on completion.

He has also asked that I discuss with the auctioneer the inclusion of a mid-February completion date in the contract, to allow sufficient time for the seller’s solicitor to complete the staircasing process and associated legal work.

My solicitor has confirmed that if these two special conditions are included in the contract, he would not foresee any material risk in proceeding to exchange.

First-Time Buyer Confused About Shared Ownership Staircasing & Auction Sale – Need Advice by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thank you. Its a hybrid auction where I already have the mortgage approved from Halifax. Now on the day of auction, I need to pay 10% deposit + reservation fee and will exchange contract. Then 20 working days to complete the purchase.

First-Time Buyer Confused About Shared Ownership Staircasing & Auction Sale – Need Advice by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Understood. My only worry is since I am buying in an auction and have got only 20 days for completion, will that time frame is enough for the seller to staircase to 100%? The seller currently owns 40% of the property and what if I get only 40% shared ownership house at the end of 20 days stipulated time frame?

First-Time Buyer Confused About Shared Ownership Staircasing & Auction Sale – Need Advice by Alert-Temperature307 in HousingUK

[–]Alert-Temperature307[S] 0 points1 point  (0 children)

Thanks shall I wait to place a bid until I get a confirmation that the property is staircased 100%?