Finally the sale completed on my house in Cwmcarn last August but our buyer keeps whats apping me to say his lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your disposal your conveyancer should deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your conveyancer should also confirm that the legal charge in favour of the lender has been repaid to the buyers lawyers. There are no post completion requirements just for conveyancing in Cwmcarn.
Is there a list of Principality panel conveyancers in Cwmcarn on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings open the public over the internet. Where you are seeking to appoint a Cwmcarn conveyancing practitioner on the Principality please make the most of our facility.
is it true that all Cwmcarn solicitor practices on the Bank of Ireland conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Bank of Ireland approved list of solicitors they would need to be regulated by the SRA. The majority of lenders do permit licenced conveyancers on their panel and in that case the organisation would be overseen by the Council of Licensed Conveyancers.
We have a mortgage agreed in principle with Skipton. Cwmcarn conveyancing lawyers are chosen. How long does it take for Skipton to issue the offer to the lawyer?
Some lenders take longer than others. Have Skipton conducted the valuation? Have you advised Skipton as to your lawyers' details and checked that your lawyers are on the Skipton conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Will my lawyer be making enquiries about flooding as part of the conveyancing in Cwmcarn.
Flooding is a growing risk for conveyancers conducting conveyancing in Cwmcarn. There are those who purchase a house in Cwmcarn, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, but there are a numerous searches that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Cwmcarn. The standard completed inquiry forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to discover if the property has ever been flooded. If the premises has been flooded in past and is not revealed by the vendor, then a buyer may commence a compensation claim as a result of such an misleading response. The buyer’s lawyers will also order an enviro search. This should reveal whether there is a recorded flood risk. If so, additional investigations should be conducted.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Cwmcarn is where the house is located. What do you suggest?
Flying freeholds in Cwmcarn are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cwmcarn you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cwmcarn may decide 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.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Cwmcarn. I happened to stumble across a site which looks to be the ideal solution If there is a chance to get all formalities completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?