Having sold my house in Selsdon last March yet the purchaser is Skype messaging every few hours complaining that their solicitor needs to hear from mine. What are the post completion sale legalities now that I have sold?
After completion of your sale your lawyer should forward the transfer deeds and all additional paperwork to the purchaser's lawyers. Where appropriate, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There is unlikely to be post completion steps unique to conveyancing in Selsdon.
We're in Selsdon, First timers buying with a mortgage (lender is Bank of Ireland , and our solicitor is on the Bank of Ireland conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Bank of Ireland conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What does a local search reveal regarding the property I am buying in Selsdon?
Selsdon conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Onsearch The local search plays an important role in many a Selsdon conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
five months have gone by since my purchase conveyancing in Selsdon completed. I have checked the Land Registry website 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.
I am buying a new build house in Selsdon with a loan from The Mortgage Works. The builders refused to reduce the price so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my conveyancer about this extras as it would affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Do I need to be wary about brokers that I am dealing with are recommending a national conveyancing firm as opposed to a local Selsdon conveyancing company?
As with many professional services, often referrals from relatives can be worth their weight in gold. Nevertheless there are lots of players in a conveyancing deal; estate agents, financial adviser and lenders might all suggest conveyancers to instruct. Sometimes these solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the recommendation. You have the right to appoint your own conveyancer. However, bear in mind that most lenders have an approved list of solicitors you are obliged to use for the mortgage aspect of your transaction.