Completed the sale of my flat in Shepton Mallet last August yet the purchaser is SMS messaging me complaining that her lawyer needs to hear from myconveyancer. What should my lawyer have done following completion?
Following your sale your lawyer is obliged to forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also evidence that the home loan has been redeemed to the purchasers solicitors. There are no post completion formalities just for conveyancing in Shepton Mallet.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Shepton Mallet. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 7/11/2024, the requirements read as follows :
We were going to get a OIP from Barclays this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Shepton Mallet solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Shepton Mallet solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I have decided to exercise my right to buy my property in Shepton Mallet off the council. I have a mortgage offer with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
The formalities of my purchase has taken place for my property in Shepton Mallet. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Me and my brother have a semi-detached Victorian house in Shepton Mallet. Conveyancing lawyer acted for me and Aldermore. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read 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 Shepton Mallet and other areas of 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 lenders. You can also question the position with the conveyancing practitioner who conducted the work.
How does conveyancing in Shepton Mallet differ for new build properties?
Most buyers of new build premises in Shepton Mallet come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Shepton Mallet typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Shepton Mallet or who has acted in the same development.
I need to appoint a conveyancing solicitor for purchase conveyancing in Shepton Mallet. I happened to stumble across a web site which looks to be the ideal solution If it is possible to get all formalities done via phone that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?