Finally the sale completed on my house in Portishead last June but my buyer keeps telephoning me to moan that their lawyer is waiting to hear from mylawyer. What should my lawyer have done following completion?
Post completion of your sale your lawyer is committed to send the transfer deeds and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also confirm that the home loan has been paid off to the purchasers conveyancers. There are no post completion formalities unique to conveyancing in Portishead.
I am considering applying for a HSBC mortgage for purchase of a newly converted (under development) in Portishead with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
There is nothing to stop you using your solicitor, but HSBC will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Me and my brother purchased a 4 bedroom Edwardian property in Portishead. Conveyancing lawyer acted for me and HSBC Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching address. Is it worth asking HSBC Bank to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Portishead and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing practitioner who completed the work.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Portishead is where the house is located. What do you suggest?
Flying freeholds in Portishead are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Portishead you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Portishead may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am a fortnight into a residential purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Portishead. I am am extremely dissatisfied with the quality of service. Can you you assist me in finding new solicitors?
A solicitor would have to be really poor in order to consider replacing them. Has the mortgage offer been issued? If so you must advise them of the new solicitor and have the loan are re-sent. Your conveyancer needs to be on the mortgage company panel to avoid escalating charges and complications. That should be your starting point. The search tool can assist you in finding a bank approved lawyer for your home move in Portishead