Finally the sale completed on my house in Corby last May yet the purchaser is SMS messaging every few hours to moan that his solicitor is waiting to hear from mysolicitor. What are the post completion sale formalities following completion?
Post completion of your house sale your conveyancer should forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Where appropriate, your lawyer should also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion formalities peculiar conveyancing in Corby.
I am purchasing a semi-detached house in Corby. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Corby you will have to appoint a solicitor on your bank'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 Corby.
What does a local search reveal regarding the property we're purchasing in Corby?
Corby conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Searches UK The local search plays an important part in many a Corby conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
It has been five months following my purchase conveyancing in Corby concluded. I have checked the Land Registry site 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 asset 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 Corby differ for new build properties?
Most buyers of new build residence in Corby contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Corby tend to 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 accustomed to new build conveyancing in Corby or who has acted in the same development.
I’m about to sell my 2 bed apartment in Corby.Conveyancing lawyers have not yet been instructed however I have just had a yearly maintenance charge invoice – Do I pay up?
It best that you discharge the service charge as you normally would given that all rents and maintenance invoices should be allottedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially