Having sold my house in Ottery St Mary last November but the buyer keeps whats apping every few hours to moan that his solicitor needs to hear from mine. What are the post completion sale formalities following completion?
Following your house sale your solicitor should deliver the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been paid off to the purchasers solicitors. There is unlikely to be post completion formalities peculiar conveyancing in Ottery St Mary.
I'm the only beneficiary of my late mum's estate and I have everything in my name alone, including the house in Ottery St Mary. The Ottery St Mary property was put into my name in March. I now wish to sell up. I do know about the CML six month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the property in March. Do I have to wait half a year to sell?
The CML handbook obliges 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 caught by that. Some lenders would take a pragmatic view as this requirement is principally there to identify subsales or the flipping of properties.
I have paid off my mortgage with HSBC. I assume I don't need a Ottery St Mary property lawyer on the HSBC panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
My offer was accepted on a property in Ottery St Mary on 5/3/2024, valuation was booked five days later, all came back fine. Solicitor instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Yorkshire 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 Yorkshire BS conveyancing panel. Can the lender hold off the offer?
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 Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am planning on selling our house in Ottery St Mary and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Ottery St Mary lawyer would know this is not the case. It does beg the question why the purchasers used a web based conveyancing firm as opposed to a conveyancing solicitor in Ottery St Mary. We have lived in Ottery St Mary for 5 years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation need.
It would appear that you have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
It has been 3 months since my purchase conveyancing in Ottery St Mary took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Ottery St Mary ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies tend refuse to give a mortgage on such a house.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ottery St Mary. Conveyancing may be slightly more expensive based on your lender's requirements.
Been searching for a solicitor for leasehold sale conveyancing in Ottery St Mary. I'm selling, simple no mortgage to redeem, no hurry, no onward purchase. Got an estimate from a property lawyer for a thousand pounds excluding VAT which is a tad high given that its so straightforward. Can I pay less for conveyancing in Ottery St Mary?
Given that it’s a sale only, £500 + VAT is likely to be about the lowest for a Ottery St Mary solicitor firm.