Having sold my house in Primrose Hill last February but my buyer keeps SMS messaging every few hours to moan that his solicitor needs to hear from mine. What should have happened now that I have sold?
Following your house sale your conveyancer should send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your lawyer should also confirm that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion formalities just for conveyancing in Primrose Hill.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to instruct a Primrose Hill based conveyancing firm?
Do check but the the likelihood is that allocate you one of their panel conveyancers where you accept the "fee-free" deal. Contact the mortgage company and explore if they make available a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Primrose Hill.
How does conveyancing in Primrose Hill differ for new build properties?
Most buyers of new build or newly converted property in Primrose Hill approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Primrose Hill tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Primrose Hill or who has acted in the same development.
I decided to have a survey completed on a house in Primrose Hill before appointing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks will refuse to issue a loan on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Primrose Hill. Conveyancing will be smoother if you use a solicitor in Primrose Hill especially if they are accustomed to such properties in Primrose Hill.
We're first time buyers - had an offer accepted, but the selling agent informed us that the seller will only proceed if we appoint their recommended solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Primrose Hill
We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', alienating a genuine buyer is not the way to achieve this. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are chain free (d) you wish to move quickly (e)however you are going to appoint your own,trusted Primrose Hill conveyancing solicitors - as opposed tothe ones that will give their negotiator at the agency a kickback or meet his conveyancing figures pre-set by senior management.
Much to my surprise my lawyer in Primrose Hill has requested from me personal identification documents asserting that this forms part of his legal duty as a conveyancer on the lender Conveyancing panel. Am I being spun a yarn?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not unique to conveyancing in Primrose Hill