Completed the sale of my flat in Temple Fortune last August but the buyer keeps SMS messaging every few hours to say his solicitor is waiting to hear from mine. What should have happened now that I have sold?
Following your house sale your lawyer is committed to send the transfer deeds and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There is unlikely to be post completion formalities just for conveyancing in Temple Fortune.
I am considering applying for a Santander mortgage for purchase of a newly converted (under development) in Temple Fortune with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
There is nothing to stop you using your solicitor, but Santander will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Is there a list of Aldermore panel solicitors in Temple Fortune on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings available over the internet. If you are seeking to appoint a Temple Fortune property lawyer on the Aldermore please make the most of our facility.
I am purchasing a property in Temple Fortune. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
Given that you are obtaining a mortgage with Clydesdale your lawyer must follow the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Clydesdale where a lease fails to satisfy these conditions. The provisions relate to the installation of panels on properties countrywide and is not isolated to Temple Fortune.
After months of negotiation I have agreed a price on an apartment in Temple Fortune. My financial adviser suggested a solicitor. I paid an upfront payment of £175. A few days later, the property lawyer called me to say that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
How does conveyancing in Temple Fortune differ for newly converted properties?
Most buyers of new build premises in Temple Fortune approach us having been asked by the developer to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Temple Fortune typically purchase the land, 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 conveyancing solicitors 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 used to new build conveyancing in Temple Fortune or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Temple Fortune is where the house is located. Can you offer any advice?
Flying freeholds in Temple Fortune are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Temple Fortune you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Temple Fortune may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Me and my partner are buying a leasehold flat in Temple Fortune. Conveyancing estimates are coming in at around £two thousand. Is that reasonable?
The average cost last year for conveyancing in Temple Fortune was £1,395 not including Stamp Duty and Land Registry fees.