Forgive me if this question is silly but I am unexperienced as a first time purchaser of a two bedroom flat in South Molton. Do I pick up the keys to the house on the completion date from my solicitor? If so, I will use a High Street conveyancing solicitor in South Molton?
On the day of completion you do not need to go to the conveyancers office in South Molton. Conveyancing lawyers for you will electronically transfer the completion advance to the seller's lawyers, and shortly after the monies have arrived, you will be invited to collect the keys from the selling Agents and move into your new home. Usually this occurs between 1 and 3pm.
I have today made my last payment due on my mortgage with Skipton. I assume I don't need a South Molton conveyancing practitioner on the Skipton panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton 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 Skipton mortgage from the register. Skipton, 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 Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
I recently had an offer agreed on an apartment in South Molton. My financial adviser pressured me to appoint their lawyer. I paid an on account payment of £150. A couple of days later, the conveyancer called me embarrassingly acknowledging that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a property in South Molton? or I am told that there is a law dating back centuries that could mean that homeowners living in a parish church boundary may be liable to contribute towards repairs to the chancel within the church. Is this appropriate for conveyancing in South Molton?
Unless a previous acquisition of the house took place post 12 October 2013 you can take it that conveyancing practitioners carrying out conveyancing in South Molton to continue to suggest a chancel search and or chancel repair liability insurance.
It has been 3 months since my purchase conveyancing in South Molton completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in South Molton with a loan from Platform Home Loans Ltd. The sellers refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not to tell my solicitor about the deal as it will put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance 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.
I decided to have a survey completed on a property in South Molton in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies tend refuse to give a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Molton. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to transfer to a new firm as I have to select a firm on the Platform Home Loans Ltd conveyancing panel. I had appointed a high street conveyancing solicitor in South Molton five minutes from me but the firm is not accepted by Platform Home Loans Ltd
It would be our pleasure to assist you find a conveyancing solicitor in South Molton on the Platform Home Loans Ltd panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in South Molton. In utilising the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in South Molton.