Completed the sale of my flat in Presteigne last November but the buyer keeps whats apping every few hours to say her lawyer is waiting to hear from mine. What should have happened now that I have sold?
After completion of your disposal your solicitor is obliged to forward the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor must also send confirmation that the home loan has been paid off to the purchasers solicitors. There is unlikely to be post completion procedures peculiar conveyancing in Presteigne.
I am looking to buy a house and need a conveyancing solicitor in Presteigne who is on the The Royal Bank of Scotland conveyancing. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as Presteigne. We dont recommend any particular firm.
I used Action Conveyancing several years ago for my conveyancing in Presteigne. Now, I need the documents however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Presteigne of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Presteigne with a loan from National Westminster Bank. The developers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not to tell my solicitor about the extras as it could impact my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Presteigne is the location of the property. Is there any advice you can impart?
Flying freeholds in Presteigne are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Presteigne you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Presteigne may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We are in the middle of buying a residence in Presteigne. Conveyancing solicitor has phoned to say the title is "Leasehold". Should this make a difference on our Natwest valuation?
Presteigne conveyancing does not in most situations involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it’s unlikely to affect the saleability too much.
At the other end of the spectrum, if it's, say, 50 years it is bound to have a significant impact on the value, and most likely wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be set out in the lease which should be made available to your conveyancing practitioner.