Finally the sale completed on my house in Symonds Yat last April but my buyer keeps e-mailing every few hours to moan that his conveyancer is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
After completion of your sale your conveyancer should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer should also confirm that the mortgage has been paid off to the buyers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Symonds Yat.
I happen to be the single beneficiary of my late mum's will with all property in now in my sole name, including the house in Symonds Yat. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship will be treated the same way as if I'd bought the house in December. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. many banks would take a pragmatic view as this requirement principally exists to capture the purchase and immediately sell or the flipping of properties.
Is it correct that all Symonds Yat CQS (Conveyancing Quality Scheme) solicitors are on the Principality conveyancing panel?
It is true that some banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I have paid off my mortgage with Co-operative. I assume I don't need a Symonds Yat solicitor on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative 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 Co-operative mortgage from the register. Co-operative, 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 Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Symonds Yat?
Many commercial conveyancing solicitors in Symonds Yat will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Symonds Yat. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Symonds Yat.
For each commercial conveyancing transaction in Symonds Yat it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Symonds Yat commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Symonds Yat.
Are there restrictive covenants that are commonly picked up during conveyancing in Symonds Yat?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Symonds Yat. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey completed on a property in Symonds Yat ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some banks will refuse to issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Symonds Yat. Conveyancing will be smoother if you use a solicitor in Symonds Yat especially if they are accustomed to such properties in Symonds Yat.
My husband and I are in the market for a responsive conveyancing lawyer in Symonds Yat to help me sell my flat. I I am fearful of by bill escalating out of control but with plenty Symonds Yat conveyancing practices to pick from...how do I know which one is best to select?
Where you have not used a lawyer before, a personal recommendation from family or friends is a preferable starting point and is often the best indicator of quality. Alternatively, take a look at the client references published on your conveyancer’s website or make the most of our search tool to locate a conveyancing solicitor in Symonds Yat.