Having sold my house in Alexandra Park last June but the buyer keeps whats apping daily complaining that her solicitor needs to hear from mine. What are the post completion sale formalities now that I have sold?
Post completion of your disposal your lawyer should forward the transfer deeds and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There is unlikely to be post completion formalities unique to conveyancing in Alexandra Park.
Can you help - my lawyer advises that flying freehold insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Alexandra Park?
The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
We expect to receive a AIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Alexandra Park solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Alexandra Park solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I was told two weeks ago that my mortgage has been agreed to by Bank of Ireland. Is it usual for Bank of Ireland to only issue the offer once my solicitor in Alexandra Park is approved on their conveyancing panel? Bank of Ireland have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some fast conveyancing in Alexandra Park as I am faced with a deadline to complete within one month. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no solicitor would advise that you don't. With lots of history conveyancing in Alexandra Park the following are examples of issues that can be revealed and therefore impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
3 months have gone by since my purchase conveyancing in Alexandra Park took place. I have checked the Land Registry site 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 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.
I'm buying a new build house in Alexandra Park benefiting from help to buy. The developers refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about this side-deal as it would put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
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.