Having sold my house in St Giles last September yet the purchaser is telephoning me to moan that his lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your disposal your lawyer should forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Where appropriate, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the buyers lawyers. There is unlikely to be post completion tasks peculiar conveyancing in St Giles.
Will my lawyer be raising enquiries concerning flooding during the conveyancing in St Giles.
Flooding is a growing risk for conveyancers dealing with homes in St Giles. There are those who purchase a house in St Giles, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, but there are a various searches that can be carried out by the purchaser or on a buyer’s behalf which will figure out the risks in St Giles. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to find out if the property has historically flooded. If flooding has previously occurred which is not revealed by the seller, then a buyer could commence a claim for damages stemming from an inaccurate response. A buyer’s lawyers should also order an environmental search. This will reveal whether there is a recorded flood risk. If so, additional inquiries should be conducted.
I have justfound out that Wolstenholmes have closed. They carried out my conveyancing in St Giles for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of St Giles conveyancing specialists.
I am buying a new build house in St Giles with a mortgage from Coventry Building Society. The developers would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not to tell my lawyer about the side-deal as it may adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
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.
I opted to have a survey completed on a house in St Giles before instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies tend not give a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in St Giles. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Giles to see if the conveyancing costs will increase in light of this.
How up-to-date is your search tool for the lender conveyancing panel in St Giles? Do the mortgage companies send you an updated list?
St Giles law firm practices and firms conducting conveyancing in St Giles themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the mortgage company directly.