Having sold my house in Bournemouth last February yet the purchaser is texting me to say her conveyancer needs to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your lawyer is duty bound to forward the transfer documentation and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer should also evidence that the home loan has been redeemed to the buyers lawyers. There are no post completion tasks specific conveyancing in Bournemouth.
My flat in Bournemouth is up for sale and I have a purchaser. Does my conveyancer have to be required to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Bournemouth is the location of the property. Is there any advice you can impart?
Flying freeholds in Bournemouth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bournemouth you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bournemouth may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Hoping to buy a property located in Bournemouth and I am already nervous. I couldn't find anything specific about Bournemouth. Conveyancing will be needed in due course but do you know about the Bournemouth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bournemouth. In the meantime here are some basic statistics that we found
Is it best to instruct a Bournemouth conveyancing solicitor in close proximity to the house I am purchasing? I have an old university friend who can perform the legal formalities but his firm is located over three hundred kilometers drive away.
The primary upside of using a high street Bournemouth conveyancing firm is that you can pop in to execute documents, present your ID and pester them where appropriate. Having local Bournemouth know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were happy that must outweigh using an unfamiliar Bournemouth conveyancing lawyer just because they are round the corner.
Should I stop my mortgage payments with Lloyds as soon as a completion date for my home sale in Bournemouth has been agreed?
No, you should keep meeting any mortgage sums to Lloyds until the mortgage is redeemed on completion as part of your Bournemouth conveyancing.