Completed the sale of my flat in Coven last February but the buyer keeps e-mailing daily to say her solicitor is waiting to hear from mine. What should have happened following completion?
Following your house sale your lawyer should send the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer must also send confirmation that the mortgage has been paid off to the buyers conveyancers. There is unlikely to be post completion steps just for conveyancing in Coven.
I have been told that property searches are the main cause of hinderance in Coven house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Coven.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who dealt with the conveyancing in Coven 10 years ago have long since closed. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your conveyancer will be aware exactly where to look for all the appropriate paperwork so you can purchase or sell your house without a hitch. If duplicates can’t be located, your lawyer may be able to put in place insurance or indemnities protecting you against future claims on your property.
I'm purchasing my first flat in Coven with a loan from Virgin Money. The developers refused to move on the price so I negotiated £7000 of additionals instead. The property agent told me not to tell my lawyer about the extras as it would adversely affect my loan with Virgin Money. 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.
I opted to have a survey completed on a property in Coven in advance of appointing lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some lenders will refuse to grant a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Coven. Conveyancing will be smoother if you use a solicitor in Coven especially if they regularly deal with such properties in Coven.
Should I be suspicious about third parties that I am dealing with are recommending a factory type conveyancing firm as opposed to a local Coven conveyancing practice?
As with lots of service providers, often referrals from family and friends can be extremely useful or valuable. Nevertheless there are lots of parties with a keen interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may put forward lawyers to appoint. On occasion the conveyancers might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the endorsement. You have the right to choose your preferred conveyancer. However, bear in mind that many mortgage providers specify a panel list of lawyers you have to use for the lender related work in your home move.