Having sold my house in Piccadilly last June yet the purchaser is texting daily to moan that her solicitor needs to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your house sale your solicitor is duty bound to send the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the mortgage has been paid off to the purchasers solicitors. There are no post completion formalities just for conveyancing in Piccadilly.
A relative advised me that in buying a property in Piccadilly there could be a number of restrictions affecting the ability to carry out external alterations to the property. Is this right?
There are a number of properties in Piccadilly which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Piccadilly should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Piccadilly Conveyancing Quality Solicitors on the Clydesdale conveyancing list of approved solicitors?
It is true that some lenders now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
It is unclear whether my mortgage offer requires a lease extension. I have called into my local Piccadilly building society branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Piccadilly conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend based on their specific requirements. Who do I believe?
As long as the solicitor is on the lender approved list, she or he must comply with the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have recentlybeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Piccadilly for a purchase of a leasehold flat 18 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Piccadilly conveyancing specialists.
How does conveyancing in Piccadilly differ for new build properties?
Most buyers of new build premises in Piccadilly approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Piccadilly typically buy the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Piccadilly or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Piccadilly is the location of the property. Can you shed any light on this issue?
Flying freeholds in Piccadilly are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Piccadilly you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Piccadilly 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.
I'm refinancing my current home to a buy to let loan with The Royal Bank of Scotland and I will use the ballance of the raised equity as a deposit on a second property. The location we are looking at is Piccadilly. Will your conveyancers be able to act for the two banks and link together the transactions?
Do use our comparison tool on this site to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are the solicitor will be able to tie up the two transactions but you should have a chat with you conveyancer and make apparent your desired outcome and requirements.