Completed the sale of my flat in Moreton last November but our buyer keeps telephoning daily complaining that her lawyer needs to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your lawyer is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where relevant, your conveyancer should also evidence that the legal charge in favour of the lender has been repaid to the buyers solicitors. There are no post completion tasks just for conveyancing in Moreton.
Various web forums that I have come across warn that are a common cause of stalling in Moreton conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Moreton.
How does conveyancing in Moreton differ for newly converted properties?
Most buyers of new build premises in Moreton approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Moreton tend to buy the land, 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 Moreton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Moreton is the location of the property. What do you suggest?
Flying freeholds in Moreton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Moreton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Moreton may determine 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.
Do I need to be concerned about estate agents that I am dealing with are encouraging me to use a web based conveyancing firm as opposed to a local Moreton conveyancing firm?
As with lots of professional services, often recommendations from family and friends can be worth their weight in gold. But there are many players in a conveyancing matter; estate agents, mortgage brokers and banks might all suggest conveyancers to choose. Sometimes these lawyers might be known to one of the organisations as being good in their field, but sometimes there exists a commercial relationship behind the endorsement. You are at liberty to choose your own lawyer. You need to be aware that some mortgage providers have an approved list of conveyancers you have to use for the lender related work in your conveyancing.
I have recently had an offer accepted on a leasehold flat in Moreton and the estate agent that we are using recommended his conveyancing practitioner. She quoted nine hundred pounds plus VAT and disbursements. Does this sound reasonable?
You should not rely on 1 estimate. One should seek like-for-like quotes for your conveyancing in Moreton. Then pick one that you trust and crucially, is on the approved list of the bank that you are sourcing your mortgage from.