Our Lound lawyer has spotted an inconsistency between the information in the home valuation report and what is in the title deeds. My lawyer has advised that he needs to check that the lender is OK with this discrepancy and is still content to lend. Is my solicitor’s approach correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Finally the sale completed on my house in Lound last January but the buyer keeps texting daily to moan that her conveyancer needs to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your sale your lawyer should send the transfer documentation and all of the paperwork to the purchaser's solicitors. If applicable, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There are no post completion tasks specific conveyancing in Lound.
I just acquired a house at auction in Lound. Conveyancing is needed. What happens now?
Given that you are now exchanged you should hire the services of a conveyancing practitioner quickly as you will have a fast approaching a drop dead date to complete the property. All auction property will have a corresponding auction pack. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that you have funds in order to complete on the on the contractual date .
My wife and I are in the throws of viewing houses in Lound and I am now considering a potential offer. Is it advisable to have a solicitor on ‘stand by’? I intend to finance via a mortgage with Leeds Building Society.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are obtaining a mortgage with Leeds Building Society, ask your prospective lawyers if they are on the Leeds Building Society conveyancing panel otherwise they can't do the mortgage legal work.
I have paid off my mortgage with RBS. I assume I don't need a Lound conveyancing practitioner on the RBS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS 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 RBS mortgage from the register. RBS, 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 RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a residence in Lound?
Unless a prior purchase of the property completed after 12 October 2013 you may assume that lawyers handling conveyancing in Lound to remain encouraging a chancel search and or chancel repair liability insurance.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Lound I like with open areas and transport links in the vicinity, however it only has 61 remaining years left on the lease. There is not much else in Lound suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan that many years may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
As co-executor for the estate of my father I am disposing of a property in Newport but I am based in Lound. My lawyer (based 250 kilometers awayrequires that I execute a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Lound to witness and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Lound