Completed the sale of my flat in Speke last March yet the purchaser is calling me to say her solicitor is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
After completion of your sale your lawyer is duty bound to deliver the transfer deeds and all of the paperwork to the purchaser's lawyers. Where appropriate, your conveyancer must also evidence that the home loan has been redeemed to the purchasers solicitors. There is unlikely to be post completion steps unique to conveyancing in Speke.
My wife and I have recently appointed a conveyancing solicitor in Speke. I I am struggling to find out whether they are accepted on the Platform Home Loans Ltd conveyancing panel. Could you assist?
The first thing to do is call the conveyancer and enquire if they are on the lender panel. Alternatively you can call Platform Home Loans Ltd who may be able to help.
Have just purchased a repossessed house at auction in Speke. Conveyancing is needed. What is next?
Now that you are exchanged you must instruct a conveyancing practitioner quickly as you are facing a fast approaching a drop dead date to complete the purchase. All auction property will have a corresponding legal set of papers. This will likely include most,if not all of the paperwork that your lawyer requires. Where you are dealing with leasehold premises the legal pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
I am the only recipient of my late mum's will and I have everything in my name now, including the house in Speke. The Speke property was put into my name in May. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be treated the same way as though I had purchased the house in May. Do I have to wait half a year to sell?
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. Most banks would take a pragmatic view as this clause primarily exists to pick up on subsales or the wholesaling and assigning of properties.
My partner and I are in the process of looking at houses in Speke and I am now considering a potential offer. Should I already have a property lawyer appointed at this stage? I intend to finance via a home loan with Virgin Money.
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 forward their contact information on to the selling agent. As you are getting a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.
How does conveyancing in Speke differ for newly converted properties?
Most buyers of new build residence in Speke come to us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Speke typically acquire the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Speke or who has acted in the same development.
My uncle has encouraged me to appoint his lawyers for conveyancing in Speke. Should I choose my own property lawyer?
Much as we are happy to recommend a Speke conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to get feedback from friends or relatives who have actually previously instructed the conveyancer you're contemplating using.
My husband and I have AIP from Norwich and Peterborough Building Society who indicated we could borrow up to £117k. At what point do I need to appoint a lawyer for conveyancing? Speke is where we are purchasing.
It would be wise to appoint a conveyancer now so that the property lawyer can open the file so they can do the ID checks etc. If and when you wish them to start work they will seek a deposit normally approximately £225. That would normally be once you have the loan offer from your bank and valuation back, nevertheless should you wish to speed the process you can start quicker albeit risking some expense.