Completed the sale of my flat in Poundbury last June but my buyer keeps Skype messaging me complaining that their lawyer is waiting to hear from mine. What should my lawyer have done following completion?
Following your sale your conveyancer is committed to send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your conveyancer should also send confirmation that the home loan has been repaid to the purchasers lawyers. There is unlikely to be post completion formalities unique to conveyancing in Poundbury.
My fiance and I are hoping to buy a purpose built apartment in Poundbury with a loan from Chelsea Building Society.We would like to retain our Poundbury conveyancing lawyer but Chelsea Building Society advised that she’s not listed on their approved list of firms. we are left little option but to use a Chelsea Building Society panel solicitor or retain our local solicitor and fork out for a Chelsea Building Society panel lawyer to act for them. This seems very unfair; Can we not simply insist that Chelsea Building Society use our lawyer?
Unfortunately,no. The loan offered to you contains various provisions, one of which will be that solicitors will be on the Chelsea Building Society solicitor panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Chelsea Building Society
It has been five months since my purchase conveyancing in Poundbury took place. I have checked the Land Registry website which shows that I paid £150,000 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.
I'm purchasing a new build house in Poundbury with a loan from The Royal Bank of Scotland. The developers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about this side-deal as it may adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to instruct a conveyancing solicitor in Poundbury for my remortgage. Can I review a firm’s record with the legal regulator?
One may see presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
Do I need to pop into the offices of the mortgage company conveyancing panel solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Poundbury so that I can attend their offices if required.
Whereas this was necessary 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Poundbury.