Finally the sale completed on my house in Fenny Stratford last November yet the purchaser is SMS messaging every few hours to moan that his conveyancer needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your sale your conveyancer should send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also evidence that the home loan has been paid off to the buyers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Fenny Stratford.
My mortgage company has recommended a law firm on their panel based in Fenny Stratford but I would rather choose a conveyancing lawyer in Fenny Stratford or nearer to where I live. Are you able to help?
The minority of Fenny Stratford conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Use our search tool to find a Fenny Stratford conveyancing firm on the on the lender panel.
What does a local search reveal regarding the property we're purchasing in Fenny Stratford?
Fenny Stratford conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance Searches UK The local search plays a central role in many a Fenny Stratford conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Are there restrictive covenants that are commonly identified during conveyancing in Fenny Stratford?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Fenny Stratford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Fenny Stratford differ for newly converted properties?
Most buyers of new build or newly converted property in Fenny Stratford contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because builders in Fenny Stratford tend to acquire the land, 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 accustomed to new build conveyancing in Fenny Stratford or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, no chain conveyancing. Fenny Stratford is the location of the property. What do you suggest?
Flying freeholds in Fenny Stratford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fenny Stratford you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenny Stratford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.