Having sold my house in Martlesham last February yet the purchaser is texting daily to moan that their lawyer needs to hear from mylawyer. What are the post completion sale legalities following completion?
Following your sale your lawyer should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer should also evidence that the mortgage has been repaid to the buyers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Martlesham.
My Solicitor in Martlesham has never been on on the Santander Conveyancing Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Santander panel?
The limited options open to you here include:
- Carry on with your preferred Martlesham lawyers but Santander will need to retain a solicitor on their list of acceptable firms. This will inevitably rack up the total legal charges as well as cause delays.
- Choose an alternative lawyer to to deal with the conveyancing, obviously checking they are Santander approved.
- Persuade your Santander based solicitor to seek to join the Santander panel
We are buying a property in Martlesham. It might be a silly question but how we can trust a conveyancer? At some point we will need to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Martlesham bank branch on numerous occasions and was advised it wasn't a problem and they would lend. My Martlesham conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must comply with the Council of Mortgage Lenders’ Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
After shopping around on the internet I have found a Martlesham solicitor having checked that they are on the Yorkshire BS conveyancing panel. Does my lawyer arrange the survey of the property?
Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Martlesham surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I am looking for a ground for flat up to £305k and identified one near me in Martlesham I like with open areas and station nearby, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Martlesham for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I am using a search engine for the phrase cheap conveyancing in Martlesham it brings up many conveyancersin the vicinity. How do I determine which is the right conveyancer for the sale of my house?
The preferential method of seeking the right conveyancer is through a trusted recommendation, so seek the counsel of colleagues and relatives who have purchased a property in Martlesham or a respected estate agent or financial adviser. Fees for conveyancing in Martlesham differ, so it's advisable to obtain a minimum of four fee estimates from varying types of property lawyers. Dont forget to clarify what costs in the quote includes.
My cousin is purchasing a basement flat in Martlesham. He was given a quote by the lawyer connected to the selling agents and it came to £1245 . It was seven years ago I sold and bought a home and the fee was £440. Have fees really escalated to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Martlesham searches, land registry fees, etc)