Completed the sale of my flat in Seaford last June yet the purchaser is Skype messaging daily to moan that her lawyer is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your sale your conveyancer is duty bound to deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also confirm that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion tasks unique to conveyancing in Seaford.
I am purchasing a new build house in Seaford benefiting from help to buy. The builders refused to budge the amount so I negotiated 6k of additionals instead. The sale representative advised me not reveal to my lawyer about the deal as it will impact my loan with the lender. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Seaford is where the house is located. Can you offer any guidance?
Flying freeholds in Seaford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Seaford you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Seaford 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 residence.
Taking into account that I will soon part with £400,000 on 3 bedroom house in Seaford I would like to talk to a conveyancer regarding thehome move prior to giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your conveyancing in Seaford.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Seaford should be the amount on the final invoice that you end up paying.
Am I best advised to use a Seaford conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can perform the legal formalities but his firm is located 300kilometers drive away.
The benefit of a high street Seaford conveyancing practice is that you can attend the office to execute documents, present your ID and apply pressure on them where appropriate. They will also have local insight which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were content that should surpass using an unknown Seaford conveyancing lawyer solely due to them being local.
My nephew is just in the process of moving house, the home loan was agreed last week in principle. After the offer was accepted on house we rang the mortgage company to go forward with his. I was shocked to hear that banks do not accept all property lawyer, they have to be on a list, is this right?
Mortgage Companies normally restrict either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Seaford solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.