Having sold my house in Petersfield last September yet the purchaser is Skype messaging me to say her solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities following completion?
Post completion of your disposal your solicitor should send the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer should also send confirmation that the legal charge in favour of the lender has been repaid to the buyers conveyancers. There are no post completion procedures peculiar conveyancing in Petersfield.
Please explain the implications if my lawyer’s firm is expelled from the Coventry BS Solicitor panel ahead of completing my conveyancing in Petersfield?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
It has been three months since my purchase conveyancing in Petersfield took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 residence 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.
I am buying a new build flat in Petersfield. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Petersfield
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Please confirm the Lease plans are architect prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am looking into buying my first house which is in Petersfield and I am already nervous. I couldn't find anything specific about Petersfield. Conveyancing will be needed in due course but do you know about the Petersfield area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Petersfield. In the meantime here are some basic statistics that we found
My fiance is buying a basement flat in Petersfield. He has received an estimate by the conveyancer suggested by the estate agents totaling £1300 . It was fifteen years ago since I sold and bought a home and the fee was £495. Have fees really escalated to that extent?
You should call 3 or 4 local Petersfield conveyancing solicitors requesting estimates. You should base your choice not solely on cost, but on promptness and on how comprehensive the reply was.