Completed the sale of my flat in Bromsgrove last April yet the purchaser is e-mailing me to say their conveyancer needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your house sale your solicitor should deliver the transfer deeds and all of the paperwork to the purchaser's conveyancer. Where appropriate, your lawyer should also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers conveyancers. There is unlikely to be post completion steps peculiar conveyancing in Bromsgrove.
Have purchased a a terraced house in Bromsgrove , how long should it take for the Land Registry to record my ownership? My Bromsgrove conveyancing solicitor has been painfully slow, so I want to be certain that my ownership is recorded.
As far as conveyancing in Bromsgrove is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and whether the Land registry communicate with any third parties. As of today in the region of 80% of submission are fully addressed within two weeks but occasionally there can be extensive delays. Historically registration occurs after the buyer is living at the premises so an expedited registration is not usually top priority but where it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
I am purchasing my first flat in Bromsgrove benefiting from help to buy. The developers would not move on the price so I negotiated 6k of extras instead. The sale representative suggested that I not inform my lawyer about the extras as it will affect my loan with the lender. 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.
Due to the guidance of my in-laws I had a survey completed on a property in Bromsgrove before instructing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to give a loan on such a home.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bromsgrove. Conveyancing will be smoother if you use a solicitor in Bromsgrove especially if they are accustomed to such properties in Bromsgrove.
My husband and I are novice buyers - had an offer accepted, yet the property agent has warned us that the vendor will only go ahead if we use their chosen lawyers as they want a ‘quick sale’. We would rather use a local solicitor accustomed to conveyancing in Bromsgrove
We suspect that the seller is unaware of this requirement. If they require ‘a quick sale', turning down a serious buyer is is going to put the whole deal at risk. Contact the owners directly and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you will continue to appoint your preferred Bromsgrove conveyancing firm - rather thanthe ones that will earn the negotiator at the agency a kickback or meet his conveyancing thresholds set by head office.
New build sellers have suggested I use a solicitor and I've sought an estimate from them. It's almost £400 less expensive than my preferred Bromsgrove solicitor. What's the catch?
Builders often have panels of conveyancers who are quick and who know the developer’s paperwork and conveyancer. Plenty of developers offer an incentive to select their approved conveyancing practitioner for this reason, any increased cost can be avoided and a builder won't suggest a conveyancing factory and run the risk of having the conveyancing delayed when they need an exchange within a tight time frame. The argument for not opting for the suggested solicitor is that they may be unwilling to 'push' your interests at the risk of alienating the housebuilder. If you worry that this may be the case you should remain with your high street Bromsgrove lawyer.