Why do I have to pay up front for my conveyancing in South Brent?
If you are buying a property in South Brent your solicitor will request that you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the purchase price then this should be asked for shortly before exchange of contracts. The final balance that is due should be transferred shortly before completion.
I am the sole recipient of my late father’s estate and I have everything in my name now, including the my former home in South Brent. The South Brent property was put into my name in October. I plan to dispose of the property. I understand that there is a CML six month 'rule', which means that my proprietorship may be considered the same way as though I had purchased the house in October. Will no one buy the property for half a year?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Some banks would take a sensible view as this requirement is principally there to identify subsales or the wholesaling and assigning of property.
My partner and I are in the throws of looking at flats in South Brent and I am about to put in an offer. Is it advisable to have a conveyancer on ‘stand by’? I intend to finance via a home loan with HSBC.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are seeking a mortgage with HSBC, ask your prospective lawyers if they are on the HSBC conveyancing panel otherwise they can't do the mortgage legal work.
I have paid off my mortgage with TSB. I assume I don't need a South Brent conveyancing practitioner on the TSB panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
The deeds to our property are lost. The lawyers who dealt with the conveyancing in South Brent 4 years ago are no longer around. What are my options?
You no longer need to have the physical official documentation to prove you own the land or property, as the Land Registry have everything they need in a digital format.
I'm buying a new build house in South Brent with a mortgage from Barclays . The builders would not move on the amount so I negotiated £7000 of additionals instead. The property agent advised me not reveal to my solicitor about this side-deal as it would jeopardize my mortgage with the bank. 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.
What tools are available to search for a South Brent law firm on the Clydesdale conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of South Brent conveyancing lawyers based on proximity. We have listed some South Brent conveyancing firms towards the end of this page and you can contact them to check if they are on the Clydesdale member panel
I pay a maintenance contribution for my appartment in South Brent. Due to redundancy and personal issues I fell behind with payments. I negotiated a clearance schedule but there remains about £1750 currently due.
I now wish to sell and I am panicking this will hold me back if I have to discharge the arrears first. I'd like to sell up and subsequently pay them back with the completion monies - is this viable?
Your solicitor should be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept payment out of the completion monies. Here is indicative of why it is sensible to select a solicitor in South Brent as they are likely to enjoy an established relationship with the parties.