Having sold my house in Cowley last November but the buyer keeps SMS messaging me complaining that their solicitor is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your solicitor is obliged to send the transfer deeds and all additional paperwork to the buyer’s lawyers. If applicable, your lawyer must also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There are no post completion formalities just for conveyancing in Cowley.
I am buying a new build flat in Cowley. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Cowley you will have to appoint a solicitor on your lender'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 Cowley.
Can you point me to a directory of Aldermore panel solicitors in Cowley on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings viewable online. If you are seeking to appoint a Cowley conveyancer on the Aldermore please use our tool.
I have paid off my mortgage with Barclays. I assume I don't need a Cowley conveyancing practitioner on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
The mortgage over my property is with Yorkshire BS for my property in Cowley. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Yorkshire BS?
Your original mortgage agreement with Yorkshire BS will provide that you need their approval in advance of renting your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. It may be that Yorkshire BS 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 Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel firm.
How does conveyancing in Cowley differ for newly converted properties?
Most buyers of new build residence in Cowley contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because house builders in Cowley typically 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 conveyancing solicitors 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 Cowley or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Cowley is the location of the property. Can you offer any opinion?
Flying freeholds in Cowley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cowley you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cowley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking into buying my first house which is in Cowley and I am already nervous. I couldn't find anything specific about Cowley. Conveyancing will be needed in due course but do you know about the Cowley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Cowley. In the meantime here are some basic statistics that we found