My wife and I are acquiring a newly constructed apartment in Hope Valley and my solicitor is advising me that she is duty bound to the lender to disclose incentives from the builder. The Estate Agents are hassling me to sign contracts and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Finally the sale completed on my house in Hope Valley last April but our buyer keeps whats apping daily to moan that their lawyer needs to hear from mine. What are the post completion sale formalities following completion?
After completion of your sale your conveyancer is duty bound to send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your lawyer must also evidence that the mortgage has been discharged to the buyers solicitors. There are no post completion procedures just for conveyancing in Hope Valley.
Do the Building Society Association intend to launch a search tool with a view to to identify solicitors on the Loughborough BS conveyancing panel for example in Hope Valley?
We would not expect to be advised of any plans on the part of the BSA to develop such a register.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The conveyancers who dealt with the conveyancing in Hope Valley 4 years ago have long since closed. What are my next steps?
As long as the title is registered the details of your ownership will be recorded by HMLR under a Title Number. It is easy to carry out a search at the Land Registry, find your property and obtain current copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be obtained for twenty pounds.
We have an offer in principle from Barclays who have advised we could borrow up to £300k. When do I need to appoint a practitioner for conveyancing? Hope Valley is where we are .
You can appoint a property lawyer now requesting that they create a file for you. This will facilitate: 1) the estate agent to send out the Sales Memo to the relevant parties 2) the seller’s conveyancing practitioner to send out the draft contract. That being said, do not instruct your conveyancer to order searches until you have your valuation report from Barclays and you are happy to move forward.