We selected a local solicitor for our conveyancing in Wool recently. After carefully reading the Terms and Conditions I notewe are on the hook for charges even if the dealfalls through. Would I be best advised to select an internet lawyer promoting no completion no cost conveyancing in Wool?
It is usually a trade off in that if "No Completion No Fee" is available then the conveyancing charges will generally be uplifted to neutralise the conveyances that do not proceed. Dont forget that such arrangements tend not to cover expenses such as Wool conveyancing search costs.
Finally the sale completed on my house in Wool last January but our buyer keeps whats apping me to moan that her solicitor is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
After completion of your house sale your solicitor is obliged to send the transfer deeds and all of the paperwork to the buyer’s conveyancer. If applicable, your conveyancer must also evidence that the home loan has been repaid to the buyers solicitors. There is unlikely to be post completion tasks just for conveyancing in Wool.
My grandfather passed away 10 months ago and as sole heir and executor I was left the house in Wool. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Nottingham will insist on your using a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
I have been told that property searches are the number one cause of obstruction in Wool conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Wool.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Wool is the location of the property. Can you offer any advice?
Flying freeholds in Wool are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wool you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wool may ascertain 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 residence.
The loan agreement from a bank for the refinancing of my 2 bedroom maisonette is expected any day now. Can you recommend an efficient remortgage conveyancing practitioner in Wool ?
You have come to the wrong place to search for the cheapest conveyancing in Wool. We can offer you cost effective conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing brokers offering £99 conveyancing in Wool.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in additional fee and still not receive the service expected.