Completed the sale of my flat in Walkington last October but my buyer keeps telephoning daily to moan that his solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your house sale your solicitor is obliged to forward the transfer deeds and all additional paperwork to the purchaser's lawyers. Where appropriate, your solicitor must also evidence that the mortgage has been redeemed to the purchasers solicitors. There are no post completion tasks specific conveyancing in Walkington.
The Walkington conveyancing lawyers that just started acting on my house acquisition in Walkington have without warning closed. They were on acting for me because I needed a solicitor on the Clydesdale conveyancing panel and my previous Walkington lawyer was not. I paid them funds on account. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
It has been four months since my purchase conveyancing in Walkington concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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 premises 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 Walkington differ for new build properties?
Most buyers of new build premises in Walkington come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because developers in Walkington tend to acquire the real estate, 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 accustomed to new build conveyancing in Walkington or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Walkington is where the house is located. Is there any guidance you can give?
Flying freeholds in Walkington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Walkington you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walkington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My partner is buying a leasehold flat in Walkington. He has received a fee estimate by the property lawyer connected to the selling agents and it came to £1300 . It was fifteen years ago since I sold and purchased a property and the bill was £500. Have costs really increased to that extent?
We would recommend that you call two or three local Walkington conveyancing solicitors seeking estimates. It is advisable to base your selection not only on cost, but on promptness and on how comprehensive the response was.