Can the conveyancing practitioners indexed on your site perform right to buy conveyancing in Plymstock?
We do have a number of conveyancing lawyers who can conduct right to buy conveyancing You should e-mail the solicitors listed with a view to obtain a costs illustration.
Having sold my house in Plymstock last October yet the purchaser is e-mailing every few hours complaining that their lawyer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your disposal your solicitor should send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also confirm that the legal charge in favour of the lender has been discharged to the buyers solicitors. There are no post completion tasks unique to conveyancing in Plymstock.
I know that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when purchasing a house in Plymstock? or I am told that there is a law dating back centuries that means some homeowners living in a parish church boundary will be compelled to contribute towards repairs towards the chancel within the church. Is this suitable for conveyancing in Plymstock?
Unless a prior acquisition of the property completed after 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Plymstock to remain recommending a chancel search and or chancel repair liability insurance.
How does conveyancing in Plymstock differ for new build properties?
Most buyers of new build or newly converted property in Plymstock come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Plymstock usually 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 accustomed to new build conveyancing in Plymstock or who has acted in the same development.
Our solicitor in Plymstock has discovered a a legal deficiency with the lease for the property we are purchasing in Plymstock. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Are we the client or is the mortgage company?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.