Finally the sale completed on my house in Totterdown last July but our buyer keeps telephoning me to say their conveyancer needs to hear from mylawyer. What should my lawyer have done following completion?
Following your disposal your solicitor should forward the transfer deeds and all of the paperwork to the purchaser's solicitors. Where relevant, your solicitor must also send confirmation that the mortgage has been discharged to the buyers solicitors. There is unlikely to be post completion requirements peculiar conveyancing in Totterdown.
There is lots of here about conveyancing in Totterdown but can you isolate your top tip for appointing the right conveyancer in Totterdown
Do not opt for the cheapest Totterdown conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
RBS have agreed my mortgage in principle, my offer on a property in Totterdown has been accepted, what are the next steps?
Your property agent will wish to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Call up RBS or the financial adviser and finish off any appropriate documentation. RBS will appoint a valuer who will get in contact with the selling agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. RBS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Totterdown.
After what feels like an age I have had an offer on a flat in Totterdown agreed to, the owners do nevertheless have a connected purchase. The vendors have offered on on an apartment, but it’s not been accepted yet, and have viewings of other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Totterdown. What should be my next step? At what stage should I apply for the mortgage with Skipton?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then survey, Totterdown conveyancing search charges, etc). The first thing to do is check that your solicitor is on the Skipton approved list. Regarding the subsequent phase this very much depends on the circumstances of your transaction, attraction to the property and on the state of the market. During a buoyant market some home buyers will apply for a home loan with Skipton and arrange for the valuation and only if it was satisfactory would they pay their property lawyer to proceed with searches.
What will a local search reveal about the house my wife and I buying in Totterdown?
Totterdown conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as PSG The local search is essential in every Totterdown conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
3 months have gone by since my purchase conveyancing in Totterdown completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Totterdown is where the house is located. Is there any advice you can give?
Flying freeholds in Totterdown are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Totterdown you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Totterdown may decide 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 premises.
My fiance and I are hoping to buy a four bedroom housein Totterdown with a mortgage from a mortgage company. We like our conveyancer in Totterdown however our mortgage company says he's not listed on their "panel". Apparently we need to choose one of the our mortgage company panel solicitors or stay with our Totterdown solicitor and incur the extra legals for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that our bank use our Totterdown lawyer?
Unfortunately,no. The mortgage company mortgage issued is subject to its terms and conditions, one of which will be that solicitors will on the lender's conveyancing panel. Until recently, most lenders had open panels, including many conveyancing solicitors in Totterdown : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for your bank.