Finally the sale completed on my house in Atherton last July yet the purchaser is whats apping every few hours to say his lawyer needs to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your sale your lawyer is obliged to send the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also evidence that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There is unlikely to be post completion requirements peculiar conveyancing in Atherton.
Will our lawyer be making enquiries about flooding as part of the conveyancing in Atherton.
Flooding is a growing risk for conveyancers carrying out conveyancing in Atherton. Some people will acquire a house in Atherton, fully aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, but there are a number of searches that may be initiated by the buyer or by their lawyers which should figure out the risks in Atherton. The standard information sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to find out whether the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the owner, then a purchaser could issue a claim for damages stemming from an inaccurate reply. A purchaser’s lawyers will also commission an environmental report. This should indicate if there is a recorded flood risk. If so, more detailed investigations will need to be conducted.
I'm buying a new build house in Atherton with a loan from Clydesdale. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The estate agent suggested that I not to tell my lawyer about this deal as it will affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey done on a house in Atherton in advance of appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some banks may refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Atherton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Atherton to see if the conveyancing costs will increase in light of this.
In my capacity as executor for the will of my uncle I am disposing of a property in Swansea but I am based in Atherton. My solicitor (who is 300 miles awayhas requested that I execute a stat dec ahead of completion. Could you suggest a conveyancing lawyer in Atherton to witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Atherton based
Some months ago I was advised by my lender that their approved solicitors operate no move no charge basis for conveyancing in Atherton. I had a purchase fall through and now the lawyers want search fees! They are stating that the fees are nothing to do with their fees!
Atherton conveyancing search fees are separate expenses not solicitors costs as these are paid to independent parties.