Completed the sale of my flat in Cranfield last March but my buyer keeps SMS messaging daily complaining that his solicitor needs to hear from mysolicitor. What are the post completion sale legalities following completion?
Post completion of your disposal your conveyancer is obliged to send the transfer deeds and all of the paperwork to the purchaser's lawyers. Where relevant, your solicitor must also send confirmation that the mortgage has been discharged to the purchasers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Cranfield.
If you had a top tip for selecting a conveyancing solicitor in Cranfield what would it be?
Do not opt for the lowest Cranfield conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Planning on purchasing a flat in Cranfield. 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 HSBC 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 Cranfield conveyancing practitioner is on the HSBC conveyancing panel.
HSBC have agreed my mortgage in principle, my offer on a apartment in Cranfield has been accepted, now what?
The estate agent will want to know who your solicitors are (ensure that the conveyancers are on the bank’s panel). Telephone HSBC or your broker and finish off any appropriate documentation. HSBC will sellect a valuer who will get in contact with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. HSBC will issue the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Cranfield.
I'm purchasing a new build house in Cranfield with a mortgage from Leeds Building Society. The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not disclose to my conveyancer about the side-deal as it could impact my loan with the bank. 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Cranfield is the location of the property. Can you offer any advice?
Flying freeholds in Cranfield are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cranfield you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cranfield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What does commercial conveyancing in Cranfield cover?
Commercial conveyancing in Cranfield incorporates a wide array of guidance, given by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.