Finally the sale completed on my house in Maghull last November yet the purchaser is Skype messaging daily to say his conveyancer needs to hear from mine. What should have happened now that I have sold?
Following your house sale your lawyer should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer must also send confirmation that the mortgage has been discharged to the buyers solicitors. There are no post completion tasks specific conveyancing in Maghull.
We intend to purchase a 2 bedroom apartment in Maghull with a residential mortgage from Bank of Scotland.We use our Maghull conveyancing practitioner but Bank of Scotland says her practice is not on their "panel". It seems we are left with little choice but to instruct a Bank of Scotland panel firm or retain our high street solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you is subject to its various provisions, a common one being that solicitors will be on the Bank of Scotland solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Bank of Scotland
My wife and I are purchasing a apartment in Maghull. It might be a silly question but how we can trust a conveyancer? On completion day we will need to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We are getting the release of further monies on our home loan from Leeds Building Society as we want to carry out alterations to our house in Maghull. Are we obliged to choose a local Maghull solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society do not ordinarily instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
I am buying a property in Maghull. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender UBS be concerned?
Given that your lender is UBS your lawyer must follow the formal requirements set out in Section two of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to UBS where a lease fails to comply with these provisions. The provisions relate to the installation of panels on properties countrywide and is not isolated to Maghull.
It has been 3 months following my purchase conveyancing in Maghull concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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'm purchasing a new build house in Maghull with the aid of help to buy. The builders would not reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about this side-deal as it may put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
We are one month into a residential purchase having been referred to conveyancers by the selling agent to do our conveyancing in Maghull. We are not happy. Can you you assist me in finding new lawyers?
A lawyer would need to be very poor to suggest diss instructing them. Has the mortgage offer been generated? In the event that it has you will need to advise them of the replacement solicitor and ensure the offer are re-sent. The conveyancer should be on the banks approved list to avoid added fees and complications. That should be your first question of the new conveyancers. Our find a solicitor tool will help you find a bank approved conveyancer for your conveyancing in Maghull