We are soon to exchange buying a house in Colyton but as a consequence of damage from the recent storms I have was able negotiate reparation from the seller in the sum of £2k taking the form of a reduction in the price. This was going to be addressed as part of the conveyancing process yet Barclays are not allowing this. Should they have been involved?
Any conveyancing practitioner that is on the Barclays conveyancing panel is obliged to advise Barclays of any changes to the purchase price. If you were to refuse your solicitor to disclose the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new conveyancer for your conveyancing in Colyton.
Finally the sale completed on my house in Colyton last November but the buyer keeps telephoning me to moan that their lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
Post completion of your sale your conveyancer should deliver the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also send confirmation that the home loan has been paid off to the buyers conveyancers. There are no post completion requirements specific conveyancing in Colyton.
This question may be naive but I am new to the process as a first time buyer of a garden flat in Colyton. Do I pick up the keys to the property on completion from my lawyer? If so, I will instruct a local conveyancing solicitor in Colyton?
On the day of completion you will not be required to attend the conveyancers office in Colyton. Conveyancing lawyers for you will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be invited to pick up the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
My solicitor has informed me that restrictive coveneant insurance is required on my purchase. What is the level of cover for Colyton conveyancing?
The appropriate level of restrictive coveneant indemnity insurance depends on your lender. It would differ for example between Yorkshire Building Society and Norwich and Peterborough Building Society. Conveyancing lawyers as opposed to members of the public take out such insurances.
I am due to exchange contracts on my house. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Leeds Building Society are being a right pain. The Colyton solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been told that property searches are the primary cause of delay in Colyton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Colyton.
I have recentlyfound out that Wolstenholmes have closed. They conducted my conveyancing in Colyton for a purchase of a freehold house 10 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Colyton conveyancing specialists.
How does conveyancing in Colyton differ for newly converted properties?
Most buyers of new build property in Colyton approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is completed. This is because builders in Colyton usually buy the land, 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 accustomed to new build conveyancing in Colyton or who has acted in the same development.