Finally the sale completed on my house in Carisbrooke last September yet the purchaser is whats apping me complaining that his lawyer is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Post completion of your sale your conveyancer is duty bound to deliver the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also evidence that the mortgage has been paid off to the buyers conveyancers. There is unlikely to be post completion procedures unique to conveyancing in Carisbrooke.
My aunt advised me that in purchasing a property in Carisbrooke there could be a number of restrictions prohibiting external changes to the property. Is this right?
There are anumerous of properties in Carisbrooke which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Carisbrooke should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had instructed conveyancers based in Carisbrooke on the Coventry BS solicitor approved list. They are now charging me a separate fee for the legal aspects of the Coventry BS mortgage. Is this a supplemental conveyancing fee specified by Coventry BS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor may levy a fee for this. This fee is not dictated by Coventry BS but by your Carisbrooke conveyancing practitioner. Plenty of firms on the Coventry BS panel will levy an ‘acting for lender’ fee but plenty of practices include it on their overall fee.
I can not fathom if my bank requires a lease extension. I have telephoned my Carisbrooke building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Carisbrooke conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. Who do I believe?
Provided that the property lawyer is on the mortgage company panel, she or he must comply with the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Will our solicitor be making enquiries regarding flooding as part of the conveyancing in Carisbrooke.
Flooding is a growing risk for lawyers carrying out conveyancing in Carisbrooke. There are those who acquire a property in Carisbrooke, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, however there are a number of searches that can be carried out by the purchaser or by their lawyers which should figure out the risks in Carisbrooke. The standard information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to find out whether the property has ever been flooded. If flooding has previously occurred and is not revealed by the owner, then a buyer could commence a claim for damages as a result of such an incorrect response. A purchaser’s solicitors will also order an enviro report. This should indicate if there is a recorded flood risk. If so, further inquiries will need to be initiated.
It has been five months since my purchase conveyancing in Carisbrooke took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 asset 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.
Just had an offer accepted on a new build apartment in Carisbrooke. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Carisbrooke
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan.
Is it possible to switch firm as I have to retain a firm on the Virgin Money conveyancing panel. I instructed a high street conveyancing solicitor in Carisbrooke five minutes from me but he is not approved by Virgin Money
We will our best to assist in finding you a conveyancing solicitor in Carisbrooke on the Virgin Money panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Carisbrooke. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Carisbrooke.