Completed the sale of my flat in Priorslee last December yet the purchaser is telephoning every few hours to say his solicitor needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?
After completion of your disposal your lawyer should forward the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer must also evidence that the home loan has been paid off to the purchasers conveyancers. There are no post completion tasks specific conveyancing in Priorslee.
I am selling my house in Priorslee. Does the property lawyer have to be on the UBS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
Me and my brother have a terraced Victorian house in Priorslee. Conveyancing lawyer acted for me and TSB. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Priorslee and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing lawyer who completed the work.
I'm buying a new build house in Priorslee with the aid of help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not inform my conveyancer about this side-deal as it will put at risk my mortgage with National Westminster Bank. Should I keep quiet?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Priorslee in advance of retaining solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will refuse to give a mortgage on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Priorslee. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Priorslee to see if the conveyancing will be more expensive.
I'm remortgaging my current house to a BTL mortgage with Godiva Mortgages Ltd and I will use the rest of the raised equity as a down payment on further property. The area we are interested in is Priorslee. Will your lawyers be able to act for both sets of banks and tie in the two deals?
Do use our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. On the basis that they are your solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and specify your expectations and needs.