Completed the sale of my flat in Wool last January but my buyer keeps calling me complaining that his conveyancer needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your disposal your solicitor is duty bound to send the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Where appropriate, your lawyer should also send confirmation that the mortgage has been repaid to the buyers solicitors. There are no post completion tasks just for conveyancing in Wool.
Have just purchased a probate house at auction in Wool. Conveyancing is required. What is next?
Having legally committed yourself to purchase you will need to hire the services of a conveyancing solicitor quickly as you are faced with a fast approaching deadline in which to complete the deal. Every auction property will have an associated auction pack. This will likely include evidence of title and search results. If you have purchased leasehold premises the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
When it comes to lenders such as Kent Reliance, do Wool conveyancers incur a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
My wife and I are in the process of viewing apartments in Wool and I am about to put in an offer. Should I already have a lawyer appointed at this point? I will be getting a home loan with Bank of Ireland.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. As you are getting a mortgage with Bank of Ireland, ask your prospective lawyers if they are on the Bank of Ireland conveyancing panel otherwise they can't do the mortgage legal work.
Various online forums that I have visited warn that are a common reason for delay in Wool house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Wool.
Are there restrictive covenants that are commonly identified during conveyancing in Wool?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Wool. 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 am looking for a ground for flat up to £235,500 and identified one round the corner in Wool I like with a park and railway links nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Wool suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
How do I search for a Wool solicitor on the Coventry Building Society conveyancing panel? I have a car and am willing to travel upto 25miles to meet the solicitor.
You can use the search on this website. Please pick a lender and your location and you will see a number of Wool conveyancing lawyers locally. We have listed some Wool conveyancing firms towards the end of this page and you can ring them to check if they are on the Coventry Building Society member panel