Having sold my house in Monmouth last August yet the purchaser is texting me complaining that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your house sale your conveyancer is obliged to deliver the transfer documentation and all of the paperwork to the buyer’s solicitors. If applicable, your lawyer should also evidence that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion procedures specific conveyancing in Monmouth.
How do I find out if the solicitor carrying out my conveyancing in Monmouth is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus spending £192.00 in additional conveyancing costs.
Feel free to take advantage of the search tool on this site. Pick the lender and type ‘Monmouth’ or your location and you will be presented with a number of lawyer offices in Monmouth or by proximity to you.
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Monmouth. Do I pick up the keys to the premises on the completion date from my conveyancer? If so, I will find a High Street conveyancing solicitor in Monmouth?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
I am the only beneficiary of my late grandmother’s estate and I have everything in my name now, including the my former home in Monmouth. The Monmouth property was put into my name in January. I plan to dispose of the property. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship will be regarded the same way as if I'd bought the property in January. Is the property unsalable for six months?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Some mortgage companies would take a pragmatic view as this clause primarily exists to pick up on the purchase and immediately sell or the quick reselling of properties.
I have decided to exercise my right to buy my property in Monmouth off the council. I have a mortgage offer with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
Have completed on a a semi-detached house in Monmouth , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Monmouth conveyancing solicitor works at snail pace, so I want to check that my purchase is recorded.
There is nothing unique about conveyancing in Monmouth registration formalities. Rather than based on location, timescales can adjust depending on who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd parties. Currently roughly 80% of submission are fully addressed within two weeks but some can be subject to protracted delays. Historically registration is effected after the purchaser has moved in to the premises so post completion formalities is not always primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor could contact the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Monmouth is the location of the property. Is there any guidance you can impart?
Flying freeholds in Monmouth are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Monmouth you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Monmouth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Your search tool is useful but there are many lawyers listed near Monmouth being on the bank conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our bank?
We do not recommend specific Monmouth firms as the right Monmouth conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Monmouth knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..