We are purchasing a new build duplex in Elmers End and my solicitor is informing me that she is duty bound to the mortgage company to reveal incentives from the seller. I am under pressure to sign contracts and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Completed the sale of my flat in Elmers End last November but the buyer keeps telephoning every few hours complaining that their lawyer is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your house sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your conveyancer must also send confirmation that the mortgage has been repaid to the buyers solicitors. There is unlikely to be post completion procedures peculiar conveyancing in Elmers End.
We are downsizing from our house in Elmers End and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the purchasers instructed a national conveyancing firm as opposed to a conveyancing solicitor in Elmers End. Having lived in Elmers End for 5 years we know that this is a non issue. Do we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
It has been three months following my purchase conveyancing in Elmers End took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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 Elmers End differ for new build properties?
Most buyers of new build premises in Elmers End come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Elmers End tend to acquire 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 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 used to new build conveyancing in Elmers End or who has acted in the same development.
My uncle has encouraged me to appoint his conveyancing solicitors in Elmers End. Should I choose my own property lawyer?
Much as we are happy to recommend a Elmers End conveyancing lawyer the best way to find a conveyancing lawyer is to get referrals from friends or family who have previously instructed the solicitor you're contemplating using.