Finally the sale completed on my house in Goddington last July yet the purchaser is calling every few hours to say his solicitor is waiting to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Following your sale your lawyer should send the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your solicitor must also evidence that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion procedures peculiar conveyancing in Goddington.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Barclays Conveyancing panel ahead of completing my conveyancing in Goddington?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
What is your number one tip for choosing a conveyancing solicitor in Goddington
We would encourage you not to go for the cheapest Goddington conveyancing costs illustration. You really do get what you’re paying 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.
We are purchasing a 4 bedroom semi-detached house in Goddington. Our aim is to carry out an extension to the side at the property.Will legal investigations on the property involve enquiries to determine if these works were previously refused?
Your property lawyer will review the deeds as conveyancing in Goddington can occasionally identify restrictions in the title documents which prevent categories of alterations or need the permission of another owner. Some additions call for local authority planning consent and approval in accordance building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these issues with a surveyor before you commit yourself to a purchase.
I have a mortgage with Co-operative for my property in Goddington. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Co-operative?
Your original mortgage agreement with Co-operative will provide that you need their approval before renting your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. You need not do this via a Co-operative conveyancing panel firm.
Due to the guidance of my in-laws I had a survey completed on a property in Goddington in advance of appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may not give a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Goddington. Conveyancing may be slightly more expensive based on your lender's requirements.
Do I need to be concerned about estate agents that I am dealing with are recommending a web based conveyancing firm rather than a local Goddington conveyancing firm?
As is the case with lots of service providers, often recommendations from connections can be worth their weight in gold. But there are many players in a conveyancing transaction; estate agents, financial adviser and lenders might all put forward lawyers to use. On occasion the conveyancers might be known to one of the organisations as experts in their field, but sometimes there might be a commercial relationship behind the recommendation. You have the discretion to select your preferred conveyancer. You need to be aware that the majority of lenders specify a panel list of law firms you must use for the lender aspect of your house move.