Finally the sale completed on my house in Chesham last April but the buyer keeps whats apping me complaining that their conveyancer is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your disposal your solicitor is committed to forward the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer should also evidence that the home loan has been repaid to the buyers conveyancers. There are no post completion requirements peculiar conveyancing in Chesham.
Are all Chesham Conveyancing Quality Solicitors on the TSB conveyancing panel?
Some major lenders now make use of CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
I am buying a property in Chesham. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with TSB your lawyer must comply with the conveyancing requirements outlined in Section 2 of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to TSB where a lease fails to meet these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Chesham.
I was told two weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Chesham is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
four months have elapsed following my purchase conveyancing in Chesham took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Chesham differ for newly converted properties?
Most buyers of new build residence in Chesham contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Chesham typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chesham or who has acted in the same development.
Hoping to buy a property located in Chesham and I am already nervous. I couldn't find anything specific about Chesham. Conveyancing will be needed in due course but do you know about the Chesham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chesham. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for leasehold conveyancing in Chesham. I've land on a site which looks to be the perfect solution If there is a chance to get all formalities completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?