I can't travel far from Saltdean. Is there a reason why all Saltdean lawyers are not on all bank panels?
Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. This led to mortgage companies culling a number of firms off their official list of approved conveyancing practitioners .
Having sold my house in Saltdean last March but the buyer keeps e-mailing every few hours complaining that his conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your lawyer should send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Where appropriate, your solicitor should also send confirmation that the home loan has been discharged to the purchasers lawyers. There are no post completion requirements just for conveyancing in Saltdean.
2 months have gone by since my purchase conveyancing in Saltdean concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 property 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.
How does conveyancing in Saltdean differ for newly converted properties?
Most buyers of new build property in Saltdean contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because developers in Saltdean tend to purchase 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 property lawyers 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 used to new build conveyancing in Saltdean or who has acted in the same development.
We have today had a bid accepted on our first house in Saltdean, and are now looking to get solicitors appointed. We have made use of the different rating tools and the fee estimates are from all across the the UK. Is it advisable to have a Saltdean lawyer local to your prospective new home? We are happy to do all the communicating over email, but I am thinking at some stage we may be required to physically go into the solicitor's office to sign documents?
The lawyer does not have to be in Saltdean, but opting for local means that you can attend their offices if required, for instance, if a signature is immediately necessary. Also, a Saltdean solicitor have established relationships with local agents and (if the vendor has instructed a local property lawyer) with them, which should help smooth the process.