Having sold my house in Totnes last April but our buyer keeps telephoning every few hours to say their lawyer is waiting to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your house sale your conveyancer is obliged to deliver the transfer deeds and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also confirm that the mortgage has been paid off to the purchasers lawyers. There are no post completion formalities unique to conveyancing in Totnes.
Can you clarify what the consequences are if my solicitor is expelled from the Barclays Conveyancing panel ahead of completing my conveyancing in Totnes?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
3 months have elapsed following my purchase conveyancing in Totnes completed. I have checked the Land Registry site which shows that I paid £150,000 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 residence 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.
How does conveyancing in Totnes differ for new build properties?
Most buyers of new build premises in Totnes contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Totnes typically acquire the site, 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 used to new build conveyancing in Totnes or who has acted in the same development.
Is it possible to switch firm as I have to retain a firm on the Barclays Direct conveyancing panel. I had appointed a local conveyancing solicitor in Totnes round the corner but he is not accepted by Barclays Direct
We will our best to assist in finding you a conveyancing solicitor in Totnes on the Barclays Direct panel. Please note that the property lawyers that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Totnes. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Totnes.
Been searching for a solicitor for leasehold sale conveyancing in Totnes. We are selling, simple no mortgage to pay off, no hurry, no onward chain. Received an estimate from a lawyer for £900 including VAT which is a little steep considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Totnes?
Considering it’s a sale only, £500 + VAT is likely to be about the best for sale conveyancing in Totnes.