I can't travel far from Westbury Park. I would like to know the understand why all Westbury Park solicitors are not on all lender panels?
Before the recession most mortgage companies displayed an approach to risk which is different from today. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the property lawyers on your panel. Accordingly, mortgage companies have subsequently looked to extract more data from law firms regarding their processes and the staff who work for them and set certain criteria such as completing a minimum amount of transactions. Many firms have found themselves excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to satisfy the criteria of amount of transactions the mortgage companies set.
Finally the sale completed on my house in Westbury Park last November but the buyer keeps SMS messaging daily to moan that their conveyancer is waiting to hear from myconveyancer. What should my lawyer have done following completion?
Following your sale your lawyer is obliged to forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. Where appropriate, your conveyancer must also evidence that the home loan has been paid off to the purchasers lawyers. There are no post completion steps just for conveyancing in Westbury Park.
How does conveyancing in Westbury Park differ for new build properties?
Most buyers of new build premises in Westbury Park come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Westbury Park usually acquire the site, 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 property lawyers 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 accustomed to new build conveyancing in Westbury Park or who has acted in the same development.
I am looking into buying my first house which is in Westbury Park and I am already nervous. I couldn't find anything specific about Westbury Park. Conveyancing will be needed in due course but do you know about the Westbury Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Westbury Park. In the meantime here are some basic statistics that we found
As co-executor for the estate of my grandmother I am selling a house in Cardiff but reside in Westbury Park. My lawyer (who is 260 miles from mehas requested that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Westbury Park to witness and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are based in Westbury Park
How and when do I incur stamp duty chargeable for my Westbury Park house purchase?
Your property lawyer will complete a stamp duty return for you as part of your Westbury Park conveyancing transaction for signature. After completion your solicitor will submit the Land Transaction Return Form to the Inland Revenue and - as long as they have the funds - pay any land tax due for you.