Completed the sale of my flat in Abbeymeads last June but my buyer keeps Skype messaging daily complaining that his conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor should deliver the transfer deeds and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor must also evidence that the home loan has been repaid to the buyers solicitors. There is unlikely to be post completion steps just for conveyancing in Abbeymeads.
What is the difference between a licensed conveyancer and conveyancing solicitor in Abbeymeads
There are many registered licenced Conveyancers in Abbeymeads and Solicitor firms in Abbeymeads who provide Conveyancing services It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. They may both also handle associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
My wife and I have organised the release of further funds on our home loan from Leeds Building Society as we intend to carry out a loft conversion to our home in Abbeymeads. Are we obliged to appoint a high street Abbeymeads solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?
Leeds Building Society would not normally appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Abbeymeads conveyancing practitioner on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Will my conveyancer be raising enquiries about flooding as part of the conveyancing in Abbeymeads.
The risk of flooding is if increasing concern for solicitors dealing with homes in Abbeymeads. Some people will buy a house in Abbeymeads, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, however there are a various checks that may be carried out by the buyer or by their lawyers which should give them a better understanding of the risks in Abbeymeads. The conventional set of information supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out if the premises has historically flooded. In the event that the premises has been flooded in past and is not notified by the vendor, then a buyer may issue a legal claim for losses as a result of such an incorrect answer. A buyer’s conveyancers may also order an environmental report. This will disclose whether there is any known flood risk. If so, further investigations should be made.
Me and my brother have a renovated Victorian property in Abbeymeads. Conveyancing practitioner represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Abbeymeads and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who carried out the work.
I am purchasing my first flat in Abbeymeads benefiting from help to buy. The developers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not inform my lawyer about the side-deal as it could impact my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
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At this site get a conveyancing quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Abbeymeads. Unlike many estate agents and brokerage sites we do not charge firms a fee if you instruct them for your property ownership legalities in Abbeymeads