Completed the sale of my flat in Bethesda last August yet the purchaser is calling me to moan that his conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your conveyancer is obliged to forward the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where appropriate, your conveyancer should also send confirmation that the home loan has been paid off to the purchasers solicitors. There is unlikely to be post completion formalities specific conveyancing in Bethesda.
Is there a search tool that I can use to discover of the solicitor handling my conveyancing in Bethesda is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Norwich and Peterborough Building Society thus paying £175.00 in further conveyancing costs.
Please do take advantage of the find a lender approved solicitor tool on this site. Please choose the mortgage company and type ‘Bethesda’ or your preferred area and you will see numerous conveyancers based in Bethesda or near you.
I am currently in the process of buying my council flat in Bethesda. I have a mortgage offer with Kent Reliance. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Kent Reliance, you will need to appoint a solicitor on the Kent Reliance conveyancing panel.
I currently have a mortgage with Principality for my property in Bethesda. Conveyancing has been completed months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?
You must advise Principality in advance of letting out your property as this is likely to be a breach of Principality’s mortgage conditions. It may be that Principality will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel firm.
After what seems like an age I have had an offer on a maisonette in Bethesda accepted, the owners do however have a connected purchase. The sellers have offered on on an apartment, however it’s not been accepted yet, and are looking at other flats in the pipeline. I have chosen a high street conveyancing solicitor in Bethesda. What should be my next step? At what point should I apply for the mortgage with Santander?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of £1k, then valuation, Bethesda conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Santander conveyancing panel. Concerning the next phase this very much depends on the circumstances of your transaction, motivation for this property and on the state of the market. In a buoyant market some buyers will apply for a home loan with Santander and pay for the valuation and only if it was satisfactory would they request their lawyer to move forward with the conveyancing in Bethesda.
It has been 2 months following my purchase conveyancing in Bethesda completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to instruct a conveyancing solicitor for freehold conveyancing in Bethesda. I happened to discover a web site which looks to be the ideal answer If there is a chance to get all formalities completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We have chosen a Bethesda conveyancing solicitor for our home move (first time buyers) and have picked up in the terms and conditions that they are not regulated by the FCA. Am I right to be worried or is that standard with solicitor?
We can't see why they should be. Most solicitor don't lend money. They will be regulated by the SRA, who dictate specific laws in relation to amounts deposited on client account.