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Deed of covenant to be signed months after house purchased?

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Comments

  • Duncan77
    Duncan77 Posts: 26 Forumite
    10 Posts First Anniversary
    edited 25 November 2023 at 12:44AM
    loubel said:
    You agree to pay the management company's costs to deal with the deed of variation. Your solicitor says they aren't charging a fee. Even if they did charge a fee, this would be your responsibility to pay, not the seller's.
    No, it's the seller's solicitors responsibility to have the draft drawn up with the management company that they, the seller, (at this point) belong to, and I don't, yet. 
    They omitted to do it, my solicitor omitted to check and chase it. Hence the sale went through without it and now he can't register the property. He has taken it upon himself to draw it up, probably because he was remiss in his duty to insist on it at the time. So although he's not charging me, that's not to be taken as a 'favour' as it would not have been my responsibility in any case.
    The sale having gone through, the seller will no longer be interested.
  • user1977 said:
    Yorkie1 said:
    Has your solicitor also confirmed whether there will be any stamp duty payable on the deed? (This would be separate from the SDLT for the flat purchase)
    Why would there be any SDLT payable on it?
    Why indeed?
  • Yorkie1
    Yorkie1 Posts: 12,215 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Some deeds over a certain value have stamp duty payable. I don't know enough to know whether this is one of them, hence double checking with the solicitor.
  • user1977
    user1977 Posts: 18,287 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Yorkie1 said:
    Some deeds over a certain value have stamp duty payable. I don't know enough to know whether this is one of them, hence double checking with the solicitor.
    Stamp duty hasn't been payable on deeds (other than stock transfer forms) since SDLT was introduced in 2003. And SDLT is payable on the consideration for the transaction i.e. completing the purchase of the property - it isn't connected to the signing of any deeds (though that tends to also go along with the transaction).
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