Having sold my house in Smithfield last August yet the purchaser is telephoning me to say his conveyancer needs to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your solicitor is obliged to forward the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also evidence that the home loan has been paid off to the purchasers lawyers. There are no post completion steps peculiar conveyancing in Smithfield.
We're in Smithfield, First timers buying with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
This question may be naive but I am unexperienced as FTB of a ground floor flat in Smithfield. Do I collect the keys to the premises on the completion date from my lawyer? If this is the case, I will use a local conveyancing solicitor in Smithfield?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s lawyers, and once they have received this, you will be called to pick up the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We have agreed to purchase a house in Smithfield. A rare aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Coventry BS your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and lawyers are required to report to Coventry BS where a lease does not comply with these specifications. The provisions relate to the installation of panels on properties countrywide and is not restricted to Smithfield.
I am selling my apartment. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Barclays are being problematic. The Smithfield solicitor who is on the Barclays conveyancing panel is recommending indemnity insurance as a solution but Barclays are requiring a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Smithfield. Conveyancing is daunting 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 legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Smithfield
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There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I am a sole trader planning to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed costs for commercial conveyancing in Smithfield for less than £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Smithfield, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the costs this will depend on the structure and nuances of the proposed transaction. Let us have your contact information or phone us so that we may supply you with a detailed commercial conveyancing calculation.
Do I stop the direct debit for my mortgage with RBS once a completion date for my home sale in Smithfield has been set?
No, you should keep meeting any mortgage payments to RBS until the mortgage is paid off on completion as part of your Smithfield conveyancing.