Completed the sale of my flat in Silvertown last November yet the purchaser is whats apping daily to say their solicitor is waiting to hear from myconveyancer. What should have happened now that I have sold?
Post completion of your sale your lawyer should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also send confirmation that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion tasks unique to conveyancing in Silvertown.
Have just purchased a repossessed house at auction in Silvertown. Conveyancing is required. What is next?
Given that you are now exchanged you will need to instruct a conveyancing lawyer quickly as you are facing a fast approaching a fixed date to complete the transaction. Every auction property will ordinarily have a bespoke legal pack. This will include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must hand this to the solicitor instructed by you at the earliest opportunity. Do make sure that your finances are organised to complete on the on the contractual date .
It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Silvertown bank branch on numerous occasions and was told it wasn't a problem and they will lend. My Silvertown conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your lawyer must comply with the CML Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Planning on purchasing a apartment in Silvertown. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Silvertown conveyancing practitioner is on the UBS conveyancing panel.
I have been told that property searches are the primary cause of hinderance in Silvertown conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Silvertown.
Due to the encouragement of my in-laws I had a survey completed on a property in Silvertown prior to appointing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not give a loan on this type of property.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you call us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Silvertown. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Silvertown to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for purchase conveyancing in Silvertown. I have stumble upon a web site which appears to be the ideal answer If it is possible to get all formalities done via phone that would be preferable. Should I be concerned? 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?
How does one as executor remove a departed person's name from the title register for a house in Silvertown?
If a Silvertown property is jointly owned and one of the proprietors dies, their name will not automatically be removed from the title deeds. It is not necessary to remove their name as in the event of a sale your lawyer would simply need to supply proof why the co proprietor is missing from the contract, usually this is in the form of a grant of probate.
With a view to making things simpler for the sale of the property you may arrange to have the deceased person removed from the title by submitting an application to HM Land Registry with proof of the death. There is no charge from the Registry for this service.