Having sold my house in Consett last September yet the purchaser is texting daily to moan that his lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your solicitor is obliged to send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer must also evidence that the mortgage has been repaid to the purchasers lawyers. There is unlikely to be post completion formalities just for conveyancing in Consett.
What is the difference between a licensed conveyancer and conveyancing solicitor in Consett
There are many registered licenced Conveyancers in Consett and Solicitor firms in Consett offering conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I have a mortgage with Virgin Money for my property in Consett. Conveyancing has been completed a year 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 Virgin Money?
Your original mortgage agreement with Virgin Money will provide that you need their approval in advance of renting your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money 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 Virgin Money directly. You need not do this via a Virgin Money conveyancing panel lawyer.
After months of negotiation I have agreed a price on an apartment in Consett. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. A few days later, the conveyancer called me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require fast conveyancing in Consett as I am faced with pressure to sign on the dotted line in less than one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a cash buyer you are at free not to do searches although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Consett the following are instances of what can show up and therefore impact the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Unadopted Roads,...
I opted to have a survey carried out on a property in Consett before appointing solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend not grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Consett. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Consett to see if the conveyancing costs will increase in light of this.
Am I best advised to go with a Consett conveyancing solicitor based in the location that I am purchasing? I have an old university friend who can carry out the legal formalities however her office is over three hundred kilometers away.
The benefit of a local Consett conveyancing practice is that you can pop in to sign paperwork, deliver your identification documents and pester them if necessary. They will also have local insight which is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that must trump using an unfamiliar Consett conveyancing lawyer just because they are based in the area.
Why is New Build conveyancing in Consett more expensive?
Purchasing a new build premises is completely different from the normal house buying conveyancing in Consett. For a start sellers ordinarily need contracts to exchange within a tight deadline, so there is a a great deal of pressure on your conveyancer to ensure everything is in order. Furthermore new build properties often necessitate the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Lenders requirements are also more demanding. Given the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.