Having sold my house in Hale End last January but my buyer keeps telephoning daily to moan that their conveyancer needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Post completion of your disposal your solicitor should deliver the transfer documentation and all of the paperwork to the buyer’s lawyers. Where relevant, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the purchasers conveyancers. There is unlikely to be post completion formalities peculiar conveyancing in Hale End.
I am the only recipient of my late mum's will with all property in now in my sole name, including the house in Hale End. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in March. Is the property unsalable for six months?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Most banks would take a sensible view as this provision primarily exists to identify the purchase and immediately sell or the wholesaling and assigning of properties.
We have a mortgage agreed in principle with Leeds Building Society. Hale End conveyancing practitioners are selected. How long does it take for Leeds Building Society to forward the offer to the conveyancer?
There is no definitive answer here. Have Leeds Building Society done the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Planning on purchasing a house in Hale End. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham 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 Hale End conveyancing practitioner is on the Nottingham conveyancing panel.
A friend advised me that if I am buying in Hale End I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Hale End conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Hale End around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hale End Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data concerning Hale End.
Are there restrictive covenants that are commonly picked up during conveyancing in Hale End?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hale End. 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 purchasing a new build house in Hale End with a mortgage from Yorkshire Building Society. The builders refused to budge the amount so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my conveyancer about this deal as it could adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.