My wife and I are purchasing a new build apartment in Stoke Bishop and my solicitor is advising me that she has to the bank to reveal incentives from the seller. The Estate Agents are hassling me to sign contracts and I have no desire to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Completed the sale of my flat in Stoke Bishop last May but the buyer keeps calling daily complaining that his lawyer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your lawyer should deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion steps specific conveyancing in Stoke Bishop.
Have just purchased a probate house at auction in Stoke Bishop. Conveyancing is needed. What are my next steps?
Having for all intents and purposes signed on the dotted line you will need to find a conveyancing practitioner soon as you will have a tight a fixed date to complete the transaction. Every auction property should have a bespoke legal set of papers. This will likely include most,if not all of the paperwork that your lawyer will need. In the case of leasehold premises the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You must pass this on to the conveyancer working for you as soon as possible. You also need to ensure that your finances are in order to complete on the date specified in the contract.
This question may be naive but I am new to the process as FTB of a garden flat in Stoke Bishop. Do I receive the keys to the house on completion from my lawyer? If this is the case, I will instruct a local conveyancing solicitor in Stoke Bishop?
On the day of completion you do not need to attend the conveyancers office in Stoke Bishop. Conveyancing lawyers for you will arrange to send the completion advance to the vendor’s conveyancers, and shortly after the monies have arrived, you will be able to collect the keys from the Estate Agents and move into your new home. This tends to happen early afternoon.
The formalities of my purchase has taken place for my property in Stoke Bishop. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I bought my house on 14 April and my personal details is not yet registered. Need I be worried? My conveyancing solicitor in Stoke Bishop expressed confidence that it would be dealt with in less than a month. Are titles in Stoke Bishop uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Stoke Bishop registration formalities. Rather than based on location, timescales can differ depending on the party submitting the application, whether it is in order and if the Land registry have to notify any interested parties. Currently in the region of three quarters of submission are fully addressed within two weeks but occasionally there can be extensive delays. Registration is effected after the buyer is living at the property so 'speed' is not usually top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a flat up to £245,000 and found one near me in Stoke Bishop I like with open areas and station in the vicinity, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Stoke Bishop for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
We are 3 weeks into a residential purchase having been recommend to a firm by the high street agent to execute conveyancing in Stoke Bishop. I am am very dissatisfied with the level of service. Could you you assist me in finding new lawyers?
They would need to be really bad in order to consider changing them. Has your loan offer been generated? If so you must make them aware of the replacement lawyer and ensure the mortgage documents are re-sent. The conveyancer should be on the banks approved list to avoid supplemental costs and complications. That should be your starting point. Our search tool should assist you in finding a lender approved solicitor for your home move in Stoke Bishop