Finally the sale completed on my house in Tooting Bec last March but the buyer keeps texting daily complaining that her solicitor needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Following your sale your solicitor should send the transfer deeds and all additional paperwork to the buyer’s solicitors. Where appropriate, your solicitor should also evidence that the legal charge in favour of the lender has been redeemed to the buyers solicitors. There is unlikely to be post completion steps specific conveyancing in Tooting Bec.
We previously chose conveyancing lawyers locally in Tooting Bec on the Nottingham solicitor panel. They are now charging me an additional fee for handling the Nottingham mortgage. Is this a supplemental conveyancing fee specified by Nottingham?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer is entitled to levy a fee for this. This charge is not dictated by Nottingham but by your Tooting Bec solicitor. Plenty of firms on the Nottingham panel will quote an ‘acting for lender’ fee and others do not.
My fiancee and I are in the throws of looking at apartments in Tooting Bec and I am about to put in an offer. Is it wise to have a conveyancing practitioner on ‘stand by’? I intend to finance via a home loan with Nottingham.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are seeking a mortgage with Nottingham, ask your prospective lawyers if they are on the Nottingham conveyancing panel otherwise they can't do the mortgage legal work.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Tooting Bec bank branch on various occasions and was told they are content with the situation and they would lend. My Tooting Bec conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend in accordance with their specific requirements. Who do I believe?
The lawyer must comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Various web forums that I have frequented warn that are the main reason for obstruction in Tooting Bec conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Tooting Bec.
It has been five months following my purchase conveyancing in Tooting Bec concluded. I have checked the Land Registry site which shows that I paid £200,000 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 premises 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.
I'm remortgaging my existing property to a buy to let loan with Britannia and I will use the ballance of the raised equity towards another property. The neighborhood we are interested in is Tooting Bec. Will your lawyers be able to act for the two banks and link together the transactions?
Make use of our search tool on this site to be sure that the conveyancers are on the appropriate lender panels. Having checked that they are your solicitor will be able to connect the two deals but you should have a chat with you conveyancer and communicate your expectations and needs.