I am due to exchange on the purchase of a house in North Baddesley but as a result of damage from the recent storms I have managed to agree compensation from the seller of £2k taking the form of a adjustment in the price. This was going to be addressed as part of amending the contract yet Nationwide are not allowing this. Should they have been informed?
Your solicitor that is on the Nationwide approved list is required to advise Nationwide of any amendments to the sale price. If you were to refuse your conveyancer to disclose the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancer for your conveyancing in North Baddesley.
Finally the sale completed on my house in North Baddesley last October but our buyer keeps telephoning daily complaining that her solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your solicitor should deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also confirm that the mortgage has been redeemed to the purchasers conveyancers. There is unlikely to be post completion formalities specific conveyancing in North Baddesley.
I am buying a property and the lawyer has referenced Chancel Repair to which the property may be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this really required for conveyancing in North Baddesley
Unless a previous acquisition of the premises took place after 12 October 2013 you can expect lawyers delivering conveyancing in North Baddesley to remain encouraging a chancel search and or chancel repair liability insurance.
It has been 3 months following my purchase conveyancing in North Baddesley took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.
Am I better off to instruct a North Baddesley conveyancing solicitor who is local to the property I am purchasing? An old friend can deal with the legal work but they are based approximately 350kilometers away.
The benefit of a high street North Baddesley conveyancing practice is that you can visit the firm to sign documents, hand in your identification documents and pester them if necessary. They will also have local insight which is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and the majority were content that must outweigh using an unknown North Baddesley conveyancing solicitor just because they are round the corner.
Do I cancel the direct debit for my mortgage with Barclays as soon as a completion date for my sale in North Baddesley has been agreed?
No, you must maintain paying any mortgage sums to Barclays until the mortgage is redeemed on completion as part of your North Baddesley conveyancing.