I am due to exchange on the purchase of a property in Ketton but as a result of wreckage from the recent storms I have was able negotiate recompense from the current proprietors of £3k in the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement but TSB are not allowing this. Why were they notified?
Any conveyancer being on the TSB conveyancing panel is obliged to inform TSB of any variations to the purchase price. If you prohibit your solicitor to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new solicitor for your conveyancing in Ketton.
Please explain the implications if my solicitor is suspended from the UBS Conveyancing panel ahead of completing my conveyancing in Ketton?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Ketton is where the house is located. Can you offer any advice?
Flying freeholds in Ketton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ketton you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ketton may determine 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 to sell my home. My former solicitors have shut. I am in need of a recommendation of a conveyancing firm. Im based in Ketton if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Ketton. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Should I appoint a Ketton conveyancing solicitor based in the area that I am purchasing? We have a good friend who can execute the legal work but they are based 300miles away.
The benefit of a local Ketton conveyancing practice is that you can pop in to execute paperwork, deliver your identification documents and apply pressure on them where appropriate. Having local Ketton know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and the majority were impressed that must surpass using an unfamiliar Ketton conveyancing lawyer solely due to them being round the corner.
How and when do I incur stamp duty chargeable for my conveyancing in Ketton?
The majority of conveyancers tend to fill out a Land Transaction Return Form for you as part of your Ketton conveyancing transaction for signature. On completion your conveyancing practitioner will submit your Land Transaction application to the Inland Revenue and - assuming they have the funds - pay any Stamp Duty due for you.