Having sold my house in Chorleywood last August yet the purchaser is SMS messaging every few hours to say his lawyer needs to hear from mylawyer. What are the post completion sale formalities following completion?
Post completion of your sale your solicitor is committed to deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your lawyer should also send confirmation that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in Chorleywood.
Do I need to pop into the offices of the solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Chorleywood so that I can pop in to their offices if necessary.
These days conveyancing panel lawyers for mortgage companies conduct all of the work via Royal Mail, e-mail or over phone calls. This enables them to undertake the conveyancing transaction no matter where you live in the country. That being said you should check if you have the option of visiting the offices of your conveyancing lawyer if you prefer.
Is it the case that all Chorleywood CQS (Conveyancing Quality Scheme) solicitors are on the Skipton conveyancing panel?
A selection of banks and building societies now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is 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 approved list of firms.
I currently have a mortgage with Barclays for my property in Chorleywood. Conveyancing has been completed 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
You must advise Barclays before letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. You need not do this via a Barclays conveyancing panel firm.
About to purchase flat in Chorleywood. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Chorleywood conveyancer is on the RBS conveyancing panel.
It has been three months following my purchase conveyancing in Chorleywood completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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.
I am purchasing my first flat in Chorleywood with a mortgage from Lloyds TSB Bank. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative advised me not reveal to my lawyer about this extras as it will adversely affect my mortgage with Lloyds TSB Bank. Should I keep quiet?.
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.
Is it simple use your search facility to find a conveyancing lawyer in Chorleywood on the authorised to act for my lender?
1st choose a bank such as Santander, Skipton Building Society or Britannia then type in your preferred area e.g. Chorleywood. Conveyancing practices in Chorleywood and nationally will then be listed.