Completed the sale of my flat in Sale last March but my buyer keeps SMS messaging every few hours complaining that her conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
After completion of your disposal your solicitor should send the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor should also send confirmation that the mortgage has been repaid to the buyers solicitors. There is unlikely to be post completion steps unique to conveyancing in Sale.
When it comes to mortgage companies such as Santander, do Sale solicitors have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
We previously chose solicitors locally in Sale on the Bank of Ireland solicitor approved list. They are now charging me a separate amount for handling the Bank of Ireland mortgage. Is this an additional conveyancing fee specified by Bank of Ireland?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer can charge a fee for this. The charge is not dictated by Bank of Ireland but by your Sale conveyancing practitioner. Plenty of firms on the Bank of Ireland panel will levy an ‘acting for lender’ fee and others do not.
I was told two weeks ago that my mortgage has been agreed to by UBS. Is it usual for UBS to only issue the offer once my solicitor in Sale is approved on their conveyancing panel? UBS have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
My wife and I have a 4 bedroom Georgian house in Sale. Conveyancing lawyer acted for me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sale and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I have been on the look out for a flat up to £195,000 and identified one close by in Sale I like with amenity areas and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Sale for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Hoping to buy a property located in Sale and I am already nervous. I couldn't find anything specific about Sale. Conveyancing will be needed in due course but do you know about the Sale area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sale. In the meantime here are some basic statistics that we found
I see that you have a post code search directory identifying law firms on the lender conveyancing panel. Do Sale conveyancing firms pay you a commission if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Sale.