Completed the sale of my flat in Saltash last December yet the purchaser is telephoning daily complaining that his solicitor needs to hear from mylawyer. What should my lawyer have done following completion?
After completion of your house sale your lawyer is obliged to forward the transfer deeds and all supplemental paperwork to the purchaser's solicitors. If applicable, your lawyer should also confirm that the home loan has been redeemed to the buyers conveyancers. There are no post completion requirements peculiar conveyancing in Saltash.
I am considering applying for a Kent Reliance mortgage for purchase of a new build (under development) in Saltash with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My conveyancer has informed me that lack of building regulations insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Saltash?
The right level of lack of building regulations indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such insurances.
Can you point me to a directory of Virgin Money panel conveyancers in Saltash on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings visible on the web. Where you are looking for a Saltash conveyancing practitioner on the Virgin Money please make the most of our tool.
I have instructed a Saltash conveyancer having checked that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Saltash surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I decided to have a survey done on a house in Saltash before appointing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks tend refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Saltash. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Saltash to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in Saltash and I am already nervous. I couldn't find anything specific about Saltash. Conveyancing will be needed in due course but do you know about the Saltash area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Saltash. In the meantime here are some basic statistics that we found