Having sold my house in Lymington last September yet the purchaser is e-mailing every few hours complaining that their solicitor is waiting to hear from mine. What should my lawyer have done following completion?
After completion of your disposal your lawyer is committed to send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your lawyer must also evidence that the home loan has been repaid to the purchasers conveyancers. There are no post completion procedures specific conveyancing in Lymington.
When it comes to lenders such as Lloyds, do Lymington conveyancers incur a fee to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
We had selected conveyancers located in Lymington on the RBS solicitor approved list. They have just invoiced me a separate charge for handling the RBS mortgage. Is this an additional conveyancing fee set by RBS?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer is entitled to charge a fee for this. This fee is not dictated by RBS but by your Lymington solicitor. Numerous firms on the RBS panel will levy an ‘acting for lender’ fee and others do not.
Completion of my purchase has taken place for my property in Lymington. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
What can a local search reveal about the property my wife and I purchasing in Lymington?
Lymington conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for example Onsearch The local search is essential in every Lymington conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
It has been 3 months since my purchase conveyancing in Lymington completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 residence 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.
Just had an offer accepted on a new build flat in Lymington. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Lymington
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan.
We had our mortgage agreed in principle on Tuesday with our bank. We have retained a high street conveyancer in Lymington two days ago. A couple of hours ago, our mortgage adviser phoned to advise us that the bank said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the lender had a say Is this permitted?
You are permitted to use any conveyancing solicitor you wish to choose for your conveyancing in Lymington however if they are not on the your bank's approved list you will have to fork out additional cost so your bank can instruct their own solicitors as well to protect their interest. It may be possible your preferred conveyancing firm to get added to the lender list of approved firms. Do make the most of online tools including lenderpanel.com to find a conveyancing solcitor in Lymington on the lender panel. You can go into your local bank branch in Lymington. They will know some good conveyancing solicitors in Lymington on the panel for your lender.