I'm the only recipient of my late mum's estate with all property in now in my sole name, including the house in Market Weighton. The Market Weighton property was put into my name in January. I plan to dispose of the property. I do know about the CML 6 month 'rule', which means that my proprietorship may be regarded the same way as if I'd bought the house in January. Do I have to wait half a year to sell?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement chiefly exists to identify subsales or the quick reselling of properties.
We had instructed solicitors locally in Market Weighton on the HSBC solicitor approved list. They have just invoiced me a supplemental fee for the legal aspects of the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer is entitled to levy a fee for this. The fee is not set by HSBC but by your Market Weighton conveyancer. Plenty of firms on the HSBC panel will charge an ‘acting for lender’ fee but some practices incorporate it on their overall fee.
I am due to exchange contracts on my house. I had a double glazing fitted in August 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Coventry BS are being pedantic. The Market Weighton solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Various online forums that I have frequented warn that are a common reason for stalling in Market Weighton house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Market Weighton.
2 months have gone by following my purchase conveyancing in Market Weighton completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 asset 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.
How do I search for a Market Weighton law firm on the The Royal Bank of Scotland conveyancing panel? I have wheels and am happy to travel upto 10kilometers to meet the solicitor.
You can use the tool on this website. Please select a mortgage company and your location and you will see a number of Market Weighton conveyancing lawyers located nearest you. We have listed some Market Weighton conveyancing firms towards the end of this page and you can ring them to check if they are on the The Royal Bank of Scotland approved list
My husband and I are new to the buying process - agreed a price, but the property agent told us that the owners will only go ahead if we use the agent's chosen lawyers as they need an ‘expedited deal’. Our preferred option is to instruct a local solicitor used to conveyancing in Market Weighton
It is improbable the owners are driving this. If they desire ‘a quick sale', alienating a motivated buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you are going to use your own,trusted Market Weighton conveyancing firm - rather thanthe ones that will give their negotiator at the agency a referral fee or hit his conveyancing targets demanded by head office.
Why can I not complete my conveyancing in Market Weighton on a bank holiday?
Because on completion the funds needs to be transferred electronically between the banks of the buyer and owner’s lawyer and at present this can only take place on a working day. It is not possible to complete on a weekend either.