Having sold my house in Avery Hill last June but the buyer keeps telephoning daily to say her conveyancer needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your house sale your solicitor is duty bound to forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer must also confirm that the mortgage has been repaid to the buyers conveyancers. There are no post completion requirements just for conveyancing in Avery Hill.
What is the difference between a licensed conveyancer and conveyancing solicitor in Avery Hill
Two types of professional can conduct conveyancing in Avery Hill namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the sale or acquisition of property. They are both required to handle Avery Hill conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly conducted and that all necessary procedures should be appropriately attended to.
When it comes to lenders such as Principality, do Avery Hill conveyancers face an annual charge to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
Yorkshire BS have agreed my home loan in principle, my offer on a flat in Avery Hill has been accepted, what happens next?
Your estate agent will want to be informed of your conveyancer's details (make sure the property lawyers are on the bank’s approved list). Call up Yorkshire BS or your financial adviser and finalise any outstanding paperwork. Yorkshire BS will appoint a valuer who will get in touch with the selling agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Yorkshire BS will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Avery Hill.
What will a local search reveal regarding the house I am buying in Avery Hill?
Avery Hill conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Xpress Legal The local search is essential in every Avery Hill conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
It has been 4 months following my purchase conveyancing in Avery Hill concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 property 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 Avery Hill benefiting from help to buy. The sellers refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about this extras as it would affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.