Finally the sale completed on my house in Stokenchurch last November yet the purchaser is SMS messaging daily complaining that his solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your house sale your solicitor should send the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer must also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers solicitors. There is unlikely to be post completion procedures just for conveyancing in Stokenchurch.
My house in Stokenchurch is up for sale and I have accepted an offer. Does my property lawyer have to be required to be on the Barclays conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
My lawyer has informed me that restrictive coveneant insurance is needed on my purchase. What is the level of cover for Stokenchurch conveyancing?
The right level of restrictive coveneant indemnity insurance depends on who your lender is. It would differ for example between National Westminster Bank and Leeds Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.
Can I be sure that the Stokenchurch conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Stokenchurch getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer carrying out your conveyancing.
I can not fathom if my bank requires a lease extension. I have telephoned my Stokenchurch building society branch on various occasions and was told they are content with the situation and they will lend. My Stokenchurch conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancer has to comply with the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a house in Stokenchurch? or I am told that there is a law dating back centuries that means some owners of property living in a parish church boundary will be compelled to pay for maintenance towards the chancel within the church. Is this suitable for conveyancing in Stokenchurch?
Unless a previous purchase of the house took place after 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Stokenchurch to remain recommending a chancel search and or insurance against a claim.
I am looking for a flat up to £305k and identified one close by in Stokenchurch I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Stokenchurch suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
Should I appoint a Stokenchurch conveyancing lawyer in close proximity to the house I am purchasing? An old friend can perform the legal formalities however they are based a couple of hundredmiles drive away.
The primary upside of using a high street Stokenchurch conveyancing practice is that you can pop in to execute paperwork, hand in your ID and pester them if necessary. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were happy that should trump using an unfamiliar Stokenchurch conveyancing lawyer just because they are local.