Finally the sale completed on my house in Upminster Bridge last November yet the purchaser is SMS messaging me to say his conveyancer needs to hear from mylawyer. What are the post completion sale formalities following completion?
Post completion of your disposal your lawyer is duty bound to deliver the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also send confirmation that the home loan has been redeemed to the purchasers lawyers. There are no post completion steps unique to conveyancing in Upminster Bridge.
I have 71 years left on my lease and require a lease extension for my flat in Upminster Bridge. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/6/2019 the requirements read as follows :
Forgive me if this question is silly but I am new to the home moving as FTB of a ground floor flat in Upminster Bridge. Do I receive the keys to the property on completion from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Upminster Bridge?
On the day of completion you will not be required to go to the conveyancers office in Upminster Bridge. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and once they have received this, you should be called to pick up the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
I have decided to exercise my right to buy my property in Upminster Bridge off the council. I have a mortgage agreed 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.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Upminster Bridge building society branch on numerous occasions and was told they are content with the situation and they would lend. My Upminster Bridge conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Provided that the conveyancing practitioner is on the mortgage company approved list, they must follow the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Just acquired a detached house in Upminster Bridge , how long should it take for the Land Registry to register my title? My Upminster Bridge conveyancing solicitor works at snail pace, so I want to be sure the registration is concluded.
As far as conveyancing in Upminster Bridge registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether it is in order and whether the Land registry have to notify any third persons or bodies. At present roughly three quarters of submission are completed within two weeks but some can be subject to extensive delays. Historically registration is effected once the new owner is living at the property thus an expedited registration is not typically primary concern yet if there is a degree of urgency associated with the registration then you or your solicitor must speak with the land registry and explain the circumstances.
How does conveyancing in Upminster Bridge differ for new build properties?
Most buyers of new build residence in Upminster Bridge come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Upminster Bridge 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 conveyancing solicitors 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 Upminster Bridge or who has acted in the same development.
Should I use a Upminster Bridge conveyancing solicitor who is local to the property I am buying? We have a good friend who can conduct the legal formalities but her office is 200miles away.
The primary upside of using a local Upminster Bridge conveyancing practice is that you can visit the firm to execute paperwork, deliver your ID and pester them if necessary. They will also have local insight which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and they were impressed that should surpass using an unfamiliar Upminster Bridge conveyancing solicitor just because they are based in the area.