Finally the sale completed on my house in Drybrook last December but the buyer keeps SMS messaging me complaining that their solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your disposal your solicitor should forward the transfer documentation and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer must also confirm that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There is unlikely to be post completion steps just for conveyancing in Drybrook.
How does conveyancing in Drybrook differ for new build properties?
Most buyers of new build property in Drybrook approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Drybrook usually acquire the site, 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 conveyancers 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 accustomed to new build conveyancing in Drybrook or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Drybrook before appointing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may not issue a loan on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Drybrook. Conveyancing will be smoother if you use a solicitor in Drybrook especially if they are accustomed to such properties in Drybrook.
How simple is it to use your search app to get a quote from a conveyancing lawyer in Drybrook on the panel for my bank?
Step one is to pick a mortgage company such as Santander, Barnsley Building Society or TSB then specify your preferred area for example Drybrook. Conveyancing firms in Drybrook and nationally will then be identified.
Should I instruct a Drybrook conveyancing practitioner based in the area that I am hoping to buy? I have an old university friend who can conduct the legal formalities however they are based over three hundred miles drive away.
The primary upside of using a local Drybrook conveyancing practice is that you can pop in to sign documents, present your identification documents and apply pressure on them if necessary. Having local Drybrook know how is a plus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were happy that must trump using an unfamiliar Drybrook conveyancing solicitor solely due to them being based in the area.
At what point do I cover the costs of the Stamp Duty Land Tax due for my Drybrook property purchase?
Your solicitor should complete a stamp duty return for you during your Drybrook purchase transaction for you to sign. After completion your conveyancing practitioner will submit the Land Transaction application to the Tax Authorities and - assuming they have the money - discharge any tax bill due for you.