Having sold my house in St Mawes last October yet the purchaser is whats apping me complaining that their lawyer needs to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your lawyer is obliged to deliver the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your lawyer should also send confirmation that the mortgage has been discharged to the purchasers conveyancers. There are no post completion requirements unique to conveyancing in St Mawes.
Our bank has suggested a law firm on their panel based in St Mawes but I would rather instruct a conveyancing lawyer in St Mawes local to me. Can you assist?
Far from all St Mawes conveyancing practitioners are listed all banks conveyancing panel. Do make the most of the above find an approved solicitor tool to identify a St Mawes conveyancing conveyancer on the on the bank panel.
I am the single recipient of my late father’s will and I have everything in my name alone, including the my former home in St Mawes. The St Mawes property was put into my name in September. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership may be considered the same way as if I'd bought the house in September. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Most mortgage companies would take a practical view as this clause is primarily there to capture the purchase and immediately sell or the wholesaling and assigning of properties.
I have paid off my mortgage with Clydesdale. I assume I don't need a St Mawes conveyancer on the Clydesdale panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
The mortgage over my property is with Nottingham for my property in St Mawes. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
You must advise Nottingham prior to letting out your property as this is likely to be a breach of Nottingham’s mortgage conditions. It may be that Nottingham will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. You need not do this via a Nottingham conveyancing panel solicitor.
I'm refinancing my existing home to a BTL loan with Alliance & Leicester and I will use the ballance of the raised equity as a deposit on further house. The neighborhood we are looking at is St Mawes. Will your lawyers be able to act for both sets of banks and tie in the conveyances?
Do use our search tool on this site to ensure that the conveyancers are approved by both mortgage companies. On the basis that they are your solicitor will be able to tie up the two deals but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
My husband and I are first time buyers - had an offer accepted, but the property agent informed us that the seller will only move forward if we instruct their chosen lawyers as they want a ‘quick sale’. We would rather use a high street solicitor who is accustomed to conveyancing in St Mawes
It is improbable the vendors are behind this. Should the seller desire ‘a quick sale', alienating a genuine buyer is not the way to achieve this. Contact the sellers directly and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted St Mawes conveyancing solicitors - as opposed tothe ones that will give their negotiator at the agency a introducer fee or meet his conveyancing figures set by HQ.