I have given 8 weeks notice to my current landlord and must be out of my let out property in Abingdon by 5/6/2019. Conveyancing on my purchase is progressing. How realistic is it to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to give notice on a rental until you have exchanged. If you have not already done so, update to your lawyer and request that they seek the assistance the owners side, try to get a realistic time scale from them that everyone will aim to achieve
I am helping my aunt sell her property in Abingdon. Does the solicitor arrange an energy assessment or it is for the seller to see to?
Following the demise of Home Packs, energy performance certificates became a compulsory element of selling a property. An energy performance certificate should be to hand prior to the property being advertised. It is not as aspect of the sale process that conveyancers ordinarily arrange. Where you are using a Abingdon conveyancing solicitor they might help arrange EPC’s due to their contacts with long established local providers
I am the sole recipient of my late father’s estate and I have everything in my name now, including the house in Abingdon. The Abingdon property was put into my name in March. I want to move. I understand that there is a CML 6 month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the property in March. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Some mortgage companies would take a pragmatic view as this provision principally exists to pick up on subsales or the flipping of properties.
Can you point me to a directory of Clydesdale panel solicitors in Abingdon on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. Very few banks make their panel listings open the public online. If you are seeking to appoint a Abingdon conveyancer on the Clydesdale please make the most of our tool.
4 months have elapsed since my purchase conveyancing in Abingdon concluded. I have checked the Land Registry website which shows that I paid £150,000 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 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.
How does conveyancing in Abingdon differ for newly converted properties?
Most buyers of new build property in Abingdon come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Abingdon usually buy the real estate, 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 conveyancing solicitors 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 Abingdon or who has acted in the same development.
When it comes to my conveyancing in Abingdon should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Abingdon conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.