My bid for a property was accepted at auction in Glastonbury. Conveyancing is needed. What happens now?
Given that you have now to all intents and purposes signed on the dotted line you will need to choose a conveyancing lawyer as a matter of urgency as you are faced with a pending a drop dead date to complete the transaction. Every auction property will have an associated auction pack. This will likely include most,if not all of the paperwork that your lawyer requires. If you have purchased leasehold property the auction pack may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must pass this on to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
I am purchasing a property in Glastonbury. A rare aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Lloyds your lawyer must follow the formal instructions contained in Section 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease does not satisfy these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Glastonbury.
I was told three weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Glastonbury is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.
My colleague recommended that where I am purchasing in Glastonbury I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Glastonbury conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Glastonbury around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Glastonbury Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Glastonbury.
2 months have elapsed following my purchase conveyancing in Glastonbury took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 property 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 opted to have a survey carried out on a house in Glastonbury in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend not issue a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Glastonbury. Conveyancing will be smoother if you use a solicitor in Glastonbury especially if they regularly deal with such properties in Glastonbury.
What makes your site different to other internet conveyancing brokers for conveyancing in Glastonbury?
At this site secure a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Glastonbury. As opposed to estate agents and brokerage sites we do not charge firms a fee if you instruct them for your property ownership legalities in Glastonbury
Estate agents have just been given the go-ahead to market my garden flat in Glastonbury.Conveyancing is yet to be initiated but I have just had a quarterly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as you normally would because all rents and maintenance invoices should be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies 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