Having sold my house in Alston last July but my buyer keeps e-mailing every few hours to say their lawyer is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your disposal your lawyer should send the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your conveyancer should also confirm that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion steps just for conveyancing in Alston.
This question may be naive but I am unseasoned as FTB of a garden flat in Alston. Do I collect the keys to the premises on completion from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Alston?
On the day of completion you will not be required to attend the conveyancers office in Alston. Your solicitors will arrange to send the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I'm the single beneficiary of my late grandmother’s estate with all property in now in my sole name, including the house in Alston. Conveyancing formalities meant that the Land Registry date was in June. I plan to dispose of the property. I do know about the CML six month 'rule', meaning my proprietorship may be treated the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How practical a view mortgage companies take of it, depend on the lender as this requirement is principally there to identify subsales or the flipping of properties.
The formalities of my remortgage has taken place for my property in Alston. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
The deeds to my house can not be found. The lawyers who handled the conveyancing in Alston 5 years ago have long since closed. What are my options?
Gone are the days when you need to hold title deeds to prove you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Alston differ for newly converted properties?
Most buyers of new build residence in Alston contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Alston 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 conveyancers 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 used to new build conveyancing in Alston or who has acted in the same development.
I decided to have a survey carried out on a house in Alston ahead of appointing solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will refuse to grant a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Alston. Conveyancing will be smoother if you use a solicitor in Alston especially if they are familiar with such properties in Alston.
I'm refinancing my current property to a buy to let mortgage with TSB and I will use the rest of the raised equity towards further property. The neighborhood we are talking about is Alston. Will your lawyers be able to act for the two lenders and tie in the transactions?
Do use our comparison tool on this site to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are the lawyer will be able to tie up the two conveyancing matters but you should talk with you lawyer and make apparent your desired outcome and needs.