Finally the sale completed on my house in Langport last July but the buyer keeps whats apping me to say his conveyancer needs to hear from mine. What are the post completion sale legalities now that I have sold?
Following your sale your solicitor is duty bound to send the transfer deeds and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been discharged to the purchasers lawyers. There are no post completion steps unique to conveyancing in Langport.
Is it the case that all Langport solicitor practices on the Nationwide conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Nationwide approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel in which case such practice would be governed by the CLC.
We previously chose solicitors locally in Langport on the Leeds Building Society solicitor approved list. They are now charging me a supplemental fee for dealing with the Leeds Building Society mortgage. Is this an additional conveyancing fee specified by Leeds Building Society?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your lawyer is entitled to charge a fee for this. The charge is not set by Leeds Building Society but by your Langport conveyancing practitioner. Numerous firms on the Leeds Building Society panel will quote ’dealing with mortgage’ fee but many practices include it on their overall fee.
I was told four weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Langport is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have justdiscovered that Wolstenholmes have closed. They carried out my conveyancing in Langport for a purchase of a leasehold flat 18 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Langport conveyancing specialists.
How does conveyancing in Langport differ for newly converted properties?
Most buyers of new build or newly converted property in Langport approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Langport tend to buy the real estate, 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 property lawyers 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 used to new build conveyancing in Langport or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, no chain conveyancing. Langport is where the house is located. Can you offer any assistance?
Flying freeholds in Langport are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Langport you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Langport may ascertain 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.
Am I better off to use a Langport conveyancing lawyer based in the area that I am buying? We have a good friend who can carry out the conveyancing but her office is 400miles drive away.
The benefit of a high street Langport conveyancing firm is that you can visit the firm to execute documents, present your identification documents and apply pressure on them if necessary. Having local Langport know how is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and in the main were happy that should outweigh using an unfamiliar Langport conveyancing solicitor solely due to them being Langport based.