I am about to exchange on the purchase of a house in Wythenshawe but as a consequence of damage from the recent storms I have was able negotiate compensation from the seller in the sum of £3k by way of a reduction in the price. I had intended this to be addressed as part of the conveyancing process yet TSB will not agree to this. Why were they notified?
Your lawyer that is on the TSB approved list is obliged to advise TSB of any amendments to the purchase price. If you prohibit your property lawyer to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new property lawyer for your conveyancing in Wythenshawe.
This question may be naive but I am unexperienced as a first time buyer of a ground floor flat in Wythenshawe. Do I collect the keys to the premises on completion from my conveyancer? If so, I will find a High Street conveyancing solicitor in Wythenshawe?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the vendor’s solicitors, and once they have received this, you should be called to pick up the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
I am due to exchange contracts on my flat. I had a double glazing fitted in March 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, TSB are being pedantic. The Wythenshawe solicitor who is on the TSB conveyancing panel is happy to accept ‘lack of building regulation’ insurance but TSB are requiring a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase flat in Wythenshawe. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Wythenshawe solicitor is on the Santander conveyancing panel.
I am downsizing from our house in Wythenshawe and according to the buyers it appears that there is a risk of it being built on contaminated land. A high street Wythenshawe lawyer would know this is not the case. It does beg the question why the purchasers instructed an online conveyancing firm as opposed to a conveyancing solicitor in Wythenshawe. We have lived in Wythenshawe for 5 years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
three months have elapsed following my purchase conveyancing in Wythenshawe concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 asset 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.
We're new to the buying process - agreed a price, but the estate agent told us that the seller will only proceed if we use the agent's chosen lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Wythenshawe
It is improbable the sellers are driving this. If they require ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you are going to use your preferred Wythenshawe conveyancing lawyers - not the ones that will give the estate agent a introducer fee or hit his conveyancing targets set by senior management.
Why can't I complete my conveyancing in Wythenshawe on Easter Monday?
Because on completion the funds will pass between the banks of the purchaser and owner’s property lawyer and at present this can only occur on a working day. So you can't complete on a weekend either.