Completed the sale of my flat in Broadway last December but our buyer keeps Skype messaging daily to say his lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities following completion?
Post completion of your disposal your solicitor should forward the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the mortgage has been paid off to the purchasers solicitors. There are no post completion tasks just for conveyancing in Broadway.
I'm buying my first flat in Broadway benefiting from help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my lawyer about the extras as it may adversely affect my mortgage with Santander. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Broadway is where the house is located. Can you offer any opinion?
Flying freeholds in Broadway are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Broadway you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Broadway 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 residence.
I'm remortgaging my current home to a buy to let mortgage with Britannia and I will use the rest of the raised equity towards a second property. The neighborhood we are looking at is Broadway. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Do use our comparison tool on this page to ensure that the solicitors are on the appropriate lender panels. Having checked that they are the solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and make clear your expectations and requirements.
My husband and I are four weeks into a leasehold purchase having been directed to solicitors by the selling agent to execute conveyancing in Broadway. I am not happy. Could you help me find new lawyers?
They would have to be very poor in order to consider diss instructing them. Has your mortgage offer been generated? In the event that it has you must inform them of the replacement lawyer and have the loan are issued to the new lawyers. Your solicitor ideally should be on the mortgage company approved list to avoid supplemental costs and frustration. That should be your starting point. Our search tool will assist you in finding a lender approved solicitor for your conveyancing in Broadway
My work colleague mentioned that when choosing a conveyancing firm they need approved by your bank. I am first time buyer with but I have an AIP from Birmingham Midhshires and I already have a high street conveyancing lawyer in Broadway in place. Can Birmingham Midhshires insist on an approved lawyer to be used? If so, where can I find that list for my conveyancing in Broadway?
You need to choose a solicitor that is on the Birmingham Midhshires panel. Simply ring your chosen Broadway conveyancing solicitor and ask if they are on the Birmingham Midhshires panel. If they are not approved you have a number of options available to you here:
- Carry on with your preferred Broadway conveyancer but Birmingham Midhshires will undoubtedly retain a solicitor on their conveyancing panel. This will result in additional cost and potential interruption.
- Get a fresh lawyer to conduct the conveyancing, obviously checking they are on the Birmingham Midhshires conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the Birmingham Midhshires conveyancing panel.