Completed the sale of my flat in Hedge End last May but our buyer keeps calling daily to moan that his solicitor is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your disposal your solicitor is committed to deliver the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your lawyer must also evidence that the home loan has been paid off to the buyers solicitors. There is unlikely to be post completion tasks unique to conveyancing in Hedge End.
I had intended to instruct a conveyancing solicitor in Hedge End for our house move. Our financial adviser informed us that our bank TSB won't deal with them. Why is this not regarded as unduly restrictive?
Before the recession most banks had a different appetite for risk. Almost all Hedge End conveyancing firms would have been on most lender panels. The Financial Services Authority in 2010 carried out a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms relating to their operations and their employees and set certain criteria such a completing on a minimum amount of transactions. Many Hedge End conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Hedge End is amongst the thousands of areas where the solicitors showing on our search results are on the panel for TSB.
My relative advised me that if I am purchasing in Hedge End I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Hedge End conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Hedge End around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hedge End Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data concerning Hedge End.
It has been 2 months following my purchase conveyancing in Hedge End concluded. 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 property 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.
I am buying my first flat in Hedge End benefiting from help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not reveal to my solicitor about the extras as it may affect my mortgage with Skipton Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am purchasing a ground floor maisonette in Hedge End. Conveyancing lawyer has been waiting for, from the vendor, building insurance schedule. This morning I was informed that the vendor must forward the insurance documents for the flat above in addition. Why would my lawyer want to see the insurance for the flat above? Is it really necessary? We have been waiting for the last month…
It is not impossible in leasehold conveyancing in Hedge End to find Conveyancing in Hedge End in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the freeholder insuring the complete property - which is definitely better. You should contact your conveyancer but it would seem that your lawyer is seeking to verify that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed due to lack of insurance cover.