Having sold my house in Chatteris last January but the buyer keeps Skype messaging daily complaining that his conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your sale your lawyer is obliged to forward the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer must also send confirmation that the mortgage has been paid off to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Chatteris.
I am purchasing a new build flat in Chatteris. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Chatteris you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Chatteris.
I have paid off my mortgage with Coventry BS. I assume I don't need a Chatteris solicitor on the Coventry BS panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Coventry BS 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 Coventry BS mortgage from the register. Coventry BS, 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 Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
I can not fathom if my lender requires a lease extension. I have called into my local Chatteris building society branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Chatteris conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
After shopping around on the internet I have found a Chatteris conveyancing practitioner having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Chatteris surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Various internet forums that I have frequented warn that are a common reason for delay in Chatteris conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Chatteris.
Despite weeks of looking the Title Certificate and documents to our house are lost. The solicitors who conducted the conveyancing in Chatteris 5 years ago are no longer around. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer should be aware precisely where to find all the relevant documentation so you can purchase or sell your house without any difficulty. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
I'm purchasing a new build house in Chatteris benefiting from help to buy. The builders refused to reduce the price so I negotiated 6k of extras instead. The sale representative suggested that I not disclose to my conveyancer about this deal as it could affect my mortgage with Accord Mortgages Ltd. Do I keep my lawyer in the dark?.
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.