Completed the sale of my flat in Putney Heath last September yet the purchaser is whats apping daily to moan that his lawyer is waiting to hear from mine. What should have happened following completion?
Following your disposal your solicitor should deliver the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been discharged to the buyers lawyers. There is unlikely to be post completion requirements peculiar conveyancing in Putney Heath.
My apartment in Putney Heath is up for sale and I have a buyer. Does my property lawyer need to be on the Yorkshire BS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Yorkshire BS 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 conditions fairly frequently currently.
My wife and I are purchasing a flat in Putney Heath. I might seem paranoid but how we can trust a solicitor? On completion day we have to deposit money into their account. What protection do we have from them run away with our money?
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 have a mortgage with Nottingham for my property in Putney Heath. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
Nottingham must be informed of your intention in advance of renting your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. You need not do this via a Nottingham conveyancing panel firm.
I was told four weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Putney Heath is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
A friend suggested that where I am purchasing in Putney Heath I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Putney Heath conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Putney Heath around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Putney Heath Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Putney Heath Education with plans and statistics, Local Amenities and other useful information regarding Putney Heath.
I am buying my first flat in Putney Heath with a mortgage from Alliance & Leicester . The builders refused to budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent told me not disclose to my conveyancer about this side-deal as it would impact my mortgage with Alliance & Leicester . 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.
We are 3 weeks into a freehold purchase having been referred to solicitors by the high street agent to perform conveyancing in Putney Heath. I am not happy. Could you help me find new conveyancers?
A lawyer would need to be really bad to suggest changing them. Has the mortgage been sent? If so you need to advise them of the new contact details and get the loan are issued to the new lawyers. The conveyancer should be on the mortgage company panel to avoid supplemental costs and complications. So that should be your first question of the new lawyers. Our find a solicitor tool can help you find a lender approved conveyancer for your home move in Putney Heath