Having sold my house in Frant last December yet the purchaser is calling daily complaining that their lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your sale your conveyancer is duty bound to send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer should also confirm that the mortgage has been redeemed to the buyers solicitors. There is unlikely to be post completion requirements just for conveyancing in Frant.
My house in Frant is up for sale and I have accepted an offer. Will the conveyancer have to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
My stepmother pointed out to me me that in purchasing a property in Frant there may be various restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Frant which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Frant should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Frant CQS (Conveyancing Quality Scheme) solicitors are on the Santander conveyancing panel?
A selection of banks and building societies now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
I recently had an offer agreed on an apartment in Frant. My mortgage broker suggested a conveyancing practitioner. I paid an upfront payment of £225. A couple of days later, the conveyancer contacted me embarrassingly acknowledging 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.
How does conveyancing in Frant differ for new build properties?
Most buyers of new build premises in Frant approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because house builders in Frant 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 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 Frant or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one near me in Frant I like with amenity areas and station nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Frant in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage that many years will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
My husband and I are novice buyers - had an offer accepted, but the property agent told us that the seller will only go ahead if we instruct their chosen solicitors as they want a ‘quick sale’. We would rather use a family conveyancer who is accustomed to conveyancing in Frant
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', alienating a motivated buyer is not the way to achieve this. Bypass the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Frant conveyancing firm - not the ones that will give the negotiator at the agency a kickback or meet his conveyancing figures pre-set by senior management.