Finally the sale completed on my house in Harbury last August yet the purchaser is SMS messaging every few hours complaining that her solicitor is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Following your disposal your solicitor is obliged to deliver the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer must also evidence that the home loan has been redeemed to the buyers solicitors. There are no post completion formalities just for conveyancing in Harbury.
Can you point me to a directory of Nationwide panel conveyancers in Harbury on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings visible on the web. If you are looking for a Harbury property lawyer on the Nationwide please use our tool.
We had instructed conveyancing lawyers locally in Harbury on the TSB solicitor panel. They have just billed me an additional charge for dealing with the TSB mortgage. Is this a supplemental conveyancing fee specified by TSB?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your solicitor may levy a fee for this. This charge is not set by TSB but by your Harbury lawyer. Plenty of firms on the TSB panel will quote ’dealing with mortgage’ fee but many firms include it on their overall fee.
Our sealed bid on a detached house in Harbury has been accepted, but there is a chain. The vendors have placed an offer on a property, but it’s not yet tied up, and have viewings of other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Harbury. What do I do now? At what point do I apply for the mortgage with Skipton?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Harbury conveyancing search fees, etc). The first thing to do is check that your solicitor is on the Skipton conveyancing panel. As to the subsequent stages this very much depends on the specifics of your transaction, attraction to this property and on the state of the market. During a rising market some buyers will apply for the mortgage with Skipton and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to move forward with the conveyancing in Harbury.
I have been told that property searches are the primary reason for stalling in Harbury house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Harbury.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who dealt with the conveyancing in Harbury 4 years ago have long since closed. Will I be able to sell the house?
You no longer need to hold title deeds to prove you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I have been on the look out for a flat up to £195,000 and found one close by in Harbury I like with a park and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Harbury suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I am about to exchange on the purchase a house in Harbury but as a consequence of wreckage from the recent storms I have agreed reparation from the owner of £2k by way of a adjustment in the price. This was going to be dealt with as part of the conveyancing process however my lender will not agree to this. Should they have been approached?
The solicitor that is on the lender approved list is duty bound to advise the bank of any amendments to the purchase figure. If you were to refuse your conveyancer to report the reduction to your bank then they would have to disinstructing themselves from acting for you and the bank.