Completed the sale of my flat in Hagley last May but my buyer keeps texting me to moan that his lawyer is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
Post completion of your sale your solicitor should deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where relevant, your conveyancer should also evidence that the home loan has been discharged to the purchasers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in Hagley.
I can see plenty of information on this site concerning conveyancing in Hagley but what is your top tip for finding the right conveyancer in Hagley
It would be unwise to be tempted by the lowest Hagley conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. 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 ahead of the deal.
I happen to be the only beneficiary of my late grandmother’s estate and I have everything in my name now, including the my former home in Hagley. The Hagley property was put into my name in March. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership could be treated the same way as if I'd bought the house in March. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How practical a view banks take of it, depend on the mortgage company as this provision primarily exists to pick up on subsales or the flipping of properties.
When it comes to lenders such as Skipton, do Hagley lawyers incur a fee to be on the list of approved solicitors?
We are not aware of any bank fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I used Arc property Solicitors a few years ago for my conveyancing in Hagley. I now require my file however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hagley of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Hagley differ for new build properties?
Most buyers of new build premises in Hagley contact us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Hagley tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hagley or who has acted in the same development.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.