Finally the sale completed on my house in Bangor last February yet the purchaser is telephoning every few hours to say her conveyancer needs to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your sale your solicitor should forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also confirm that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion steps just for conveyancing in Bangor.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather use a Bangor based conveyancing firm?
You should check but the chances are that give you one of their panel conveyancers if you take up the "fee-free" incentive. Call the lender to explore if they make available a monetary alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Bangor.
I have been told that property searches are the main cause of delay in Bangor house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Bangor.
Are there restrictive covenants that are commonly picked up during conveyancing in Bangor?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bangor. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it possible to swap solicitor as I need to appoint a firm on the The Mortgage Works conveyancing panel. I hired a family conveyancing solicitor in Bangor five minutes from me but she is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Bangor on the The Mortgage Works panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Bangor. Using the find a conveyancing solicitor tool on this page, you can compare costs for conveyancing solicitors in Bangor and throughout England and Wales.
I own a leasehold flat in Bangor. Conveyancing and Aldermore mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Bangor who acted for me is not around. Any advice?
The first thing you should do is make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Bangor conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Bangor - Examples of Queries Prior to Purchasing
-
Please note if it is no more than eighty years it will affect the marketability of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will almost definitely have to extend the lease at some point and it is worth finding out what this will be. Remember, in most cases you would need to own the premises for two years in order to be entitled to extend the lease. This question is important as a) areas could result in problems in the block as the common areas may start to deteriorate where maintenance are not paid for b) if the tenants have a dispute with the running of the building you will wish to have full disclosure