Finally the sale completed on my house in Tibshelf last November but my buyer keeps telephoning me to say her conveyancer needs to hear from mine. What should have happened following completion?
Following your house sale your lawyer is duty bound to deliver the transfer documentation and all additional paperwork to the purchaser's conveyancer. Where relevant, your lawyer must also confirm that the mortgage has been redeemed to the purchasers conveyancers. There are no post completion requirements just for conveyancing in Tibshelf.
I am in the process of mortgaging my property in Tibshelf, does my lawyer need to be on the Nottingham Solicitor panel?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My aunt pointed out to me me that in purchasing a property in Tibshelf there may be various restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Tibshelf which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Tibshelf should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Last month we had a mortgage agreed in principle with Coventry BS. Tibshelf conveyancing practitioners are chosen. How long does it take for Coventry BS to forward the offer to the lawyer?
There is no definitive answer here. Have Coventry BS completed the survey? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The mortgage over my property is with Nationwide for my property in Tibshelf. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Nationwide?
You must advise Nationwide before renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. You need not do this via a Nationwide conveyancing panel lawyer.
I'm purchasing my first flat in Tibshelf benefiting from help to buy. The developers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not inform my solicitor about the deal as it could impact my loan with The Mortgage Works. 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.
My husband and I are FTB’s - had an offer accepted, but the property agent informed us that the owners will only go ahead if we instruct the agent's chosen conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor used to conveyancing in Tibshelf
We suspect that the seller is not behind this demand. If they desire ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your preferred Tibshelf conveyancing lawyers - as opposed tothe ones that will earn their estate agent a introducer fee or achieve conveyancing targets pre-set by senior management.
Do I stop my mortgage payments with Skipton as soon as a completion date for my sale in Tibshelf has been set?
You are best advised to keep meeting any mortgage sums to Skipton until the mortgage is repaid on completion as part of your Tibshelf conveyancing.