Having sold my house in Margate last December but the buyer keeps Skype messaging every few hours to moan that her conveyancer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your conveyancer should forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer must also send confirmation that the home loan has been paid off to the buyers lawyers. There is unlikely to be post completion tasks just for conveyancing in Margate.
I had intended to instruct a conveyancing solicitor in Margate for our house purchase. Our broker informed us that our mortgage lenders Birmingham Midshires won't deal with them. Surely this is unfair competition?
Lenders in the main imposes restrictions either the category or the number of conveyancing firms on their approved list of lawyers. A common example of such criteria being that a firm must have two or more partners. As well as restricting the profile of firm, some have limited the number of solicitor practices they use to represent them. You should note that Birmingham Midshires have no responsibility for the quality of advice provided by any member of Birmingham Midshires Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels a few years ago even though there are differing views concerning the level of solicitor involvement in some of that fraud. Data from the Land Registry reveal that plenty of law firms, including some in or near Margate only execute very few conveyances per annum.
I require fast conveyancing in Margate as I am faced with an ultimatum to complete inside 4 weeks. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to have searches carried out although no conveyancer would suggest that you don't. With plenty of history conveyancing in Margate the following are examples of what can crop up and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I am purchasing a new build house in Margate with a loan from Leeds Building Society. The builders refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not inform my conveyancer about the extras as it could jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
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.
Due to the encouragement of my in-laws I had a survey completed on a property in Margate ahead of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will not give a mortgage on such a premises.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Margate. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Margate to see if the conveyancing will be more expensive.
My husband and I are first time buyers just having agreed a price on a property in Margate, and are now looking to get solicitors appointed. We have utilised the various rating tools and the quotes are from all over the country. Is it necessary to have a Margate lawyer local to the potential new home? I am willing to do all the communicating over email, but I am thinking at some point we will be required to physically go into the conveyancing practitioner's office to sign documents?
Generally there is no need to physically visit the office of your solicitor, they can send any relevant documents to you, which you can sign and return. Many buyers and sellers prefer to instruct a locally based solicitor, but it's by no means essential for conveyancing in Margate.