Having sold my house in Newton-le-Willows last April yet the purchaser is SMS messaging daily to moan that her conveyancer needs to hear from mine. What are the post completion sale formalities following completion?
After completion of your house sale your solicitor should deliver the transfer deeds and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your conveyancer should also confirm that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There is unlikely to be post completion formalities peculiar conveyancing in Newton-le-Willows.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Clydesdale Conveyancing panel ahead of completing my conveyancing in Newton-le-Willows?
First, this is a very rare occurrence. 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 at a cost.
I have been told that property searches are the number one reason for stalling in Newton-le-Willows house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Newton-le-Willows.
I decided to have a survey carried out on a house in Newton-le-Willows before appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks may not issue a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Newton-le-Willows. Conveyancing may be slightly more expensive based on your lender's requirements.
We're first time buyers - agreed a price, but the property agent informed us that the vendor will only move forward if we instruct their chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Newton-le-Willows
It is unlikely the owners are driving this. Should the owner want ‘a quick sale', alienating a serious buyer is counter productive. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you are going to appoint your own,trusted Newton-le-Willows conveyancing lawyers - not the ones that will earn the estate agent a referral fee or achieve conveyancing targets demanded by HQ.