My wife and I are soon to complete on the purchase of a property in Fawley but as a consequence of damage from the recent storms I have managed to agree recompense from the seller of £3k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement but HSBC will not permit this. Should they have been notified?
Any solicitor that is on the HSBC conveyancing panel is duty bound to inform HSBC of any variations to the purchase price. If you prohibit your solicitor to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancer for your conveyancing in Fawley.
Having sold my house in Fawley last May yet the purchaser is texting every few hours to say her lawyer is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your solicitor should send the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion formalities specific conveyancing in Fawley.
Various online forums that I have frequented warn that are the primary reason for hinderance in Fawley conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Fawley.
Due to the encouragement of my in-laws I had a survey completed on a house in Fawley before appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to issue a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fawley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fawley to see if the conveyancing will be more expensive.
What tools are available to locate a Fawley solicitor on the Britannia conveyancing panel? I have wheels and am prepared to travel upto 10miles to meet the conveyancer.
You can use the search on this page. Please pick a bank and your location and you will see a number of Fawley conveyancing lawyers based on proximity. We have detailed some Fawley conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Britannia member panel