Finally the sale completed on my house in Sandbach last April but my buyer keeps whats apping every few hours complaining that their solicitor is waiting to hear from mylawyer. What should have happened now that I have sold?
Following your disposal your solicitor should forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor must also confirm that the home loan has been repaid to the purchasers solicitors. There is unlikely to be post completion procedures peculiar conveyancing in Sandbach.
My lawyer has informed me that chancel insurance is required on my purchase. What is the level of cover for Sandbach conveyancing?
The appropriate level of chancel indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
Is it the case that all Sandbach solicitors on the Yorkshire BS conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Yorkshire BS conveyancing panel they would need to be governed by the SRA. Some lenders do permit licenced conveyancers on their panel in which case such firms would be governed by the CLC.
I am currently in the process of buying my council flat in Sandbach. I have a mortgage offer with Barclays. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
Just had an offer accepted on a new build flat in Sandbach. 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 are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Sandbach
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
I was pointed in your direction by a few property agents in Sandbach to locate a property lawyer on your site. Is there a financial inducement for Estate Agents to promote your site over and above another?
We refuse to offer any referral fee for sending work our way. We found it would be just too difficult to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to retain a conveyancing solicitor for leasehold conveyancing in Sandbach. I have stumble upon a site which looks to be the perfect solution If it is possible to get all this stuff done via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My wife and I are acquiring a 2 bedroom flat in Sandbach. At the time of instructing our property lawyer, they told us that they were on all mainstream mortgage company panels. The mortgage broker called just now to say that they don't seem to be on the Virgin Money approved list. If it turns out to be true, what should we do? Should we just pick a new property lawyer that is on their approved list or do we cover the costs for dual representation, with Virgin Money selecting their own preferred property lawyer.
When acquiring a property with the benefit of a mortgage it is normal for the purchaser’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancer has to satisfy. Some banks now require their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should call Virgin Money and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Virgin Money's conveyancing panel as you are at liberty to use your preferred Sandbach lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another property lawyer into the mix.