Finally the sale completed on my house in Selby last October yet the purchaser is texting me to say her solicitor needs to hear from mysolicitor. What should have happened now that I have sold?
Post completion of your house sale your conveyancer should send the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your lawyer should also confirm that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There are no post completion formalities just for conveyancing in Selby.
Will my solicitor be raising questions about flooding during the conveyancing in Selby.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Selby. There are those who purchase a property in Selby, fully expectant that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, however there are a numerous searches that can be undertaken by the purchaser or by their lawyers which can give them a better appreciation of the risks in Selby. The standard information given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to find out whether the premises has ever been flooded. In the event that flooding has previously occurred which is not revealed by the vendor, then a purchaser may bring a claim for damages resulting from an misleading response. A buyer’s conveyancers will also carry out an environmental report. This should higlight if there is a recorded flood risk. If so, additional inquiries should be made.
I have a renovated Edwardian property in Selby. Conveyancing lawyer acted for me and Lloyds TSB Bank. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Selby and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing practitioner who conducted the purchase.
How does conveyancing in Selby differ for newly converted properties?
Most buyers of new build property in Selby approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Selby typically 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 conveyancers 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 Selby or who has acted in the same development.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Selby. I happened to chance upon a site which seems to have the perfect offering If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?