Having sold my house in Chaddesden last June yet the purchaser is calling me to moan that their solicitor is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your disposal your solicitor is obliged to deliver the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your solicitor must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion steps peculiar conveyancing in Chaddesden.
I just bought a flat at auction in Chaddesden. Conveyancing is necessary. What are my next steps?
Now that you are legally committed yourself to purchase you must instruct a conveyancing solicitor as a matter of urgency as you are faced with a pending deadline in which to complete the property. An auction property will ordinarily have an associated legal set of papers. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in order to complete the transaction on the set completion date.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Chaddesden. Do I pick up the keys to the premises on completion from my conveyancer? If so, I will use a High Street conveyancing solicitor in Chaddesden?
On the day of completion you do not need to attend the conveyancers office in Chaddesden. Conveyancing lawyers for you will transfer the purchase money to the owner’s lawyers, and once they have received this, you should be able to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
We have a mortgage agreed in principle with Bank of Ireland. Chaddesden conveyancing lawyers are selected. What is the average time that one could expect to receive a mortgage offer from Bank of Ireland?
Some lenders take longer than others. Have Bank of Ireland done the valuation? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
It has been five months following my purchase conveyancing in Chaddesden concluded. I have checked the Land Registry website which shows that I paid £200,000 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 premises 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.
How does conveyancing in Chaddesden differ for newly converted properties?
Most buyers of new build residence in Chaddesden contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Chaddesden usually buy 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 property lawyers 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 Chaddesden or who has acted in the same development.
I was recommended by a couple of local estate agents in Chaddesden to choose a conveyancer using your seach tool. Is there a financial upside for Estate Agents to recommend your site over alternative conveyancing organisations?
We refuse to give any commission for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am thinking of appointing a conveyancing solicitor in Chaddesden for my purchase. Is it possible to see a solicitor's record with the profession’s regulator?
You can review presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training requirements.