Finally the sale completed on my house in Tidworth last May yet the purchaser is whats apping every few hours to moan that his conveyancer is waiting to hear from myconveyancer. What should my lawyer have done now that I have sold?
Post completion of your disposal your conveyancer is obliged to deliver the transfer deeds and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also evidence that the mortgage has been repaid to the buyers solicitors. There are no post completion requirements just for conveyancing in Tidworth.
Will our conveyancer be making enquiries concerning flooding as part of the conveyancing in Tidworth.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Tidworth. Some people will purchase a property in Tidworth, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, however there are a number of searches that can be undertaken by the buyer or on a buyer’s behalf which should figure out the risks in Tidworth. The standard completed inquiry forms supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the vendor to find out whether the property has suffered from flooding. In the event that the property has been flooded in past and is not revealed by the owner, then a purchaser may commence a claim for damages stemming from an incorrect response. The purchaser’s conveyancers may also conduct an enviro search. This will disclose whether there is a recorded flood risk. If so, further inquiries should be initiated.
Have purchased a a detached house in Tidworth , What is the estimated time for the Land Registry to record my title? My Tidworth conveyancing solicitor has been painfully slow, so I want to check that my purchase is recorded.
There is nothing unique about conveyancing in Tidworth registration formalities. As opposed to being determined by geographic area, timeframes can differ depending on who lodges the application, whether it is in order and if the Land registry need to notify any 3rd parties. At present roughly 80% of submission are fully addressed within two weeks but occasionally there can be protracted hold-ups. Historically registration occurs once the purchaser has moved in to the property so an expedited registration is not usually primary concern yet where there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for an expedited registration.
I am purchasing a new build house in Tidworth with a mortgage from Lloyds TSB Bank. The sellers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not reveal to my solicitor about the side-deal as it may jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Am I right to be wary that 3rd parties that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a local Tidworth conveyancing firm?
As is the case with many professional services, often input from connections can be very helpful. But there are lots of parties with a vested interest in a conveyancing matter; estate agents, financial adviser and lenders might all put forward lawyers to choose. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there is an underlying commercial relationship behind the endorsement. You are free to select your preferred conveyancer. However, bear in mind that most mortgage providers specify a panel list of conveyancers you must use for the lender related work in your conveyancing.