Finally the sale completed on my house in Mickleover last February but our buyer keeps whats apping every few hours to moan that their solicitor is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?
After completion of your house sale your solicitor should deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer should also confirm that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion procedures peculiar conveyancing in Mickleover.
I have 71 years remaining on my lease and require a lease extension for my flat in Mickleover. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 15/4/2024 the requirements read as follows :
When it comes to mortgage companies such as Skipton, do Mickleover conveyancing practitioners incur a fee to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
is it true that all Mickleover solicitor practices on the Santander conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Santander conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of banks do allow licenced conveyancers on their panel in which case such practice would be governed by the CLC.
We have a mortgage agreed in principle with Kent Reliance. Mickleover conveyancing solicitors are instructed. What is the average time that one could expect to receive a mortgage offer from Kent Reliance?
There is no definitive answer here. Have Kent Reliance conducted the valuation? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Just bought a detached house in Mickleover , how long will it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Mickleover conveyancing solicitor works at snail pace, so I want to check the post completion formalities are addressed.
As far as conveyancing in Mickleover is concerned, registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can differ subject to who lodges the application, whether it is in order and if the Land registry communicate with any 3rd parties. At present in the region of 80% of submission are fully addressed within two weeks but some can be subject to longer hold-ups. Historically registration takes place after the new owner is living at the property therefore 'speed' is not usually primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
How does conveyancing in Mickleover differ for newly converted properties?
Most buyers of new build premises in Mickleover come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Mickleover typically purchase 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 conveyancing solicitors 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 used to new build conveyancing in Mickleover or who has acted in the same development.
I have instructed a Mickleover conveyancing solicitor for our home move (first time buyers) and have picked up in the engagement letter that they are not overseen by the FCA. Should I be worried or is that usually the case with conveyancer?
We can't see why they should be. Most conveyancer don't lend money. They will be governed by the Solicitors Regulation Authority, who have specific conditions covering monies held in their bank.