Completed the sale of my flat in Aberaeron last September yet the purchaser is e-mailing me complaining that her conveyancer needs to hear from mylawyer. What are the post completion sale formalities following completion?
Post completion of your sale your conveyancer is obliged to forward the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There are no post completion procedures just for conveyancing in Aberaeron.
I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to instruct a Aberaeron based conveyancing firm?
Do check but the the probability is that appoint one of their panel conveyancers if you accept the "fee-free" offer. Contact the lender to explore if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Aberaeron.
Me and my brother own a 4 bedroom Georgian house in Aberaeron. Conveyancing solicitor represented me and Aldermore. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aberaeron and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing solicitor who completed the work.
How does conveyancing in Aberaeron differ for newly converted properties?
Most buyers of new build or newly converted property in Aberaeron approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Aberaeron typically 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 used to new build conveyancing in Aberaeron or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Aberaeron before instructing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some lenders may not give a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aberaeron. Conveyancing will be smoother if you use a solicitor in Aberaeron especially if they are acquainted with such properties in Aberaeron.
My step-father has suggested that I use his conveyancers in Aberaeron. Should I choose my own solicitor?
No doubt it’s preferable to choose a conveyancing practitioner is to seek guidance from friends or relatives who have actually used the conveyancer you're considering.