Having sold my house in Burton Latimer last February yet the purchaser is SMS messaging me to moan that their solicitor is waiting to hear from mine. What are the post completion sale legalities following completion?
Post completion of your sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also evidence that the home loan has been redeemed to the purchasers solicitors. There are no post completion tasks just for conveyancing in Burton Latimer.
I am thinking of mortgaging my property in Burton Latimer, does my lawyer need to be on the RBS Solicitor panel?
In theory, you could use a solicitor that is not on the RBS conveyancing panel, but RBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am the only recipient of my late grandmother’s estate and I have everything in my name now, including the my former home in Burton Latimer. Conveyancing formalities meant that the Land Registry date was in February. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership may be considered the same way as though I had purchased the property in February. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most banks would take a pragmatic view as this obligation chiefly exists to pick up on the purchase and immediately sell or the flipping of properties.
I have paid off my mortgage with TSB. I assume I don't need a Burton Latimer conveyancer on the TSB panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB 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 TSB mortgage from the register. TSB, 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 TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Yorkshire BS have agreed my home loan in principle, my bid on a apartment in Burton Latimer has been accepted, now what?
Your property agent will want to be advised as to your conveyancer's details (ensure that the conveyancing practitioners are on the lender’s panel). Contact Yorkshire BS or the financial adviser and finalise any appropriate forms. Yorkshire BS will instruct a valuer who will get in touch with the selling agent or owners to arrange a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Yorkshire BS will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Burton Latimer.
I own a terraced Victorian property in Burton Latimer. Conveyancing solicitor acted for me and Platform Home Loans Ltd. 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 with the matching property. I'd like to know for sure, how can I find out??
You should 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burton Latimer and other areas of 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 buyers. You can also check the position with the conveyancing practitioner who completed the work.
Due to the encouragement of my in-laws I had a survey completed on a house in Burton Latimer in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Burton Latimer. Conveyancing will be smoother if you use a solicitor in Burton Latimer especially if they are familiar with such properties in Burton Latimer.
We are 3 weeks into a residential purchase having been recommend to a firm by the local agent to perform conveyancing in Burton Latimer. I am am starting to be frustrated with the quality of service. Could you you assist me in finding new solicitors?
A lawyer would have to be really poor to suggest replacing them. Has the mortgage offer been sent? If so you need to advise them of the new contact details and get the offer are re-sent. The solicitor ideally needs to be on the banks panel to avoid added costs and delays. That should be your starting point. Our find a solicitor tool should help you find a bank approved lawyer for your home move in Burton Latimer