Finally the sale completed on my house in Danbury last May yet the purchaser is telephoning every few hours to say her solicitor needs to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer should deliver the transfer documentation and all additional paperwork to the purchaser's solicitors. If applicable, your conveyancer must also confirm that the home loan has been paid off to the buyers lawyers. There is unlikely to be post completion procedures unique to conveyancing in Danbury.
we are a couple who are purchasing a newbuild apartment in Danbury with a mortgage from Nationwide Building Society.We use our Danbury conveyancing solicitor but Nationwide Building Society informed us she’s not on their approved list of firms. We have to appoint a Nationwide Building Society panel firm or retain our high street solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you contains terms and conditions, a common one being that lawyers needs to be on the Nationwide Building Society conveyancing panel. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Nationwide Building Society
I have been told that property searches are a common reason for obstruction in Danbury conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Danbury.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Danbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Danbury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
At last I have had an offer on an flat in Danbury accepted, the seller does however have a tied purchase. The sellers have put an offer on a flat, however it’s not yet tied up, and has viewings of other properties in the pipeline. I have instructed a local conveyancing lawyer in Danbury. What should be my next step? When do I get the mortgage application with Principality started with Principality?
It is understandable to have apprehensions where there is an associated chain given your reluctance to incur costs too early (home loan application is in the region of £1k, then valuation, Danbury conveyancing search costs, etc). The first course of action is to ensure that your lawyer is on the Principality conveyancing panel. Regarding the next stages this very much depends on the specifics of your transaction, desire for this property and on the state of the market. In a rising market the majority of purchasers will apply for the mortgage with Principality and arrange for the survey and only if it comes back ok would they pay their conveyancer to press on with searches.