Having sold my house in Hoyland last November yet the purchaser is texting daily to moan that their solicitor needs to hear from myconveyancer. What are the post completion sale formalities following completion?
Following your sale your lawyer is committed to deliver the transfer deeds and all of the paperwork to the buyer’s solicitors. Where relevant, your conveyancer must also confirm that the home loan has been paid off to the buyers solicitors. There is unlikely to be post completion tasks just for conveyancing in Hoyland.
When it comes to mortgage companies such as Clydesdale, do Hoyland conveyancing practitioners have to pay an annual charge to be on the list of approved solicitors?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
is it true that all Hoyland solicitor practices on the Aldermore conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Aldermore conveyancing panel they would need to be governed by the SRA. Many lenders do allow licenced conveyancers on their panel and in such a situation the firms would be regulated by the Council of Licensed Conveyancers.
Intending to buy a house in Hoyland. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hoyland solicitor is on the RBS conveyancing panel.
Will our conveyancer be asking questions concerning flooding during the conveyancing in Hoyland.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Hoyland. There are those who buy a house in Hoyland, fully expectant that at some time, it may be flooded. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, but there are a numerous searches that can be undertaken by the buyer or on a buyer’s behalf which can figure out the risks in Hoyland. The standard property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to determine whether the property has historically flooded. In the event that the residence has been flooded in past and is not notified by the seller, then a purchaser may bring a legal claim for losses resulting from an incorrect answer. The purchaser’s solicitors may also carry out an environmental search. This will higlight if there is a recorded flood risk. If so, additional investigations should be carried out.
It has been four months following my purchase conveyancing in Hoyland took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My step-father has suggested that I use his conveyancing solicitors in Hoyland. Should I find my own conveyancer?
Much as we are happy to recommend a Hoyland conveyancing lawyer the ideal way to choose a conveyancing practitioner is to have guidance from friends or relatives who have previously instructed the solicitor you're considering.