Completed the sale of my flat in Old Ford last July but our buyer keeps calling me to say their solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your sale your conveyancer should forward the transfer deeds and all additional paperwork to the purchaser's conveyancer. If applicable, your solicitor should also evidence that the mortgage has been redeemed to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Old Ford.
What is your number one tip for finding a conveyancing solicitor in Old Ford
We would encourage you not to base your choice on the lowest Old Ford conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
How can we know in advance if a Old Ford conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Old Ford getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor handling your transaction.
My offer was accepted on a house in Old Ford on 14/5/2020, valuation was booked 2 days later, all came back fine. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Are Coventry BS entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing a new build house in Old Ford with a loan from National Westminster Bank. The developers refused to budge the amount so I negotiated 6k of extras instead. The estate agent advised me not disclose to my solicitor about the extras as it would adversely affect my mortgage with the lender. Is this normal?.
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.
In my capacity as executor for the will of my grandmother I am disposing of a house in Cardiff but reside in Old Ford. My lawyer (who is 260 kilometers from mehas requested that I sign a stat dec prior to completion. Can you recommend a conveyancing solicitor in Old Ford to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Old Ford based
Can you provide any advice for leasehold conveyancing in Old Ford with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Old Ford can be bypassed if you appoint lawyers the minute you market your property and ask them to collate the leasehold information needed by the purchasers’ lawyers. If you have carried out any alterations to the premises would they have required Landlord’s consent? Have you, for example installed wooden flooring? Old Ford leases often stipulate that internal structural changes or installing wooden flooring necessitate a licence issued by the Landlord acquiescing to such works. Should you fail to have the consents in place do not contact the landlord without contacting your conveyancer first. You may think that you are aware of the number of years left on your lease but it would be advisable verify this by asking your conveyancers. A buyer’s lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 80 years. It is therefore essential at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If there is a history of conflict with your landlord or managing agents it is very important that these are resolved before the property is marketed. The buyers and their solicitors will be concerned about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over as opposed to unsettled.
Having spent years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Old Ford. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to calculate the amount due.
An example of a Freehold Enfranchisement decision for a Old Ford premises is 26 Rhondda Grove in June 2009. The net price payable by the leaseholders as determined by the Tribunal was £3,015.13. This comprised £11,300 premium for the reversion less £8,284.87 costs as ordered by the County Court.
Finally, a mortgage agreement from a mortgage company for the refinancing of my 4 bedroom maisonette is due any day now. Can you recommend a cheap remortgage conveyancing practitioner in Old Ford ?
This site is not designed to help in pursuit of the cheapest conveyancing in Old Ford. Our intention is to offer cost effective conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing brokers offering low cost conveyancing in Old Ford.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fee and still not get the service expected.