Having sold my house in Totnes last March but the buyer keeps e-mailing every few hours to say their conveyancer needs to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your lawyer is committed to deliver the transfer deeds and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There are no post completion steps unique to conveyancing in Totnes.
The Totnes conveyancing firm that I appointed last week on my purchase in Totnes have without warning closed. I chose them because I had to have a solicitor on the Bank of Ireland conveyancing panel and my previous Totnes lawyer was not. I paid them funds in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
3 months have gone by since my purchase conveyancing in Totnes concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 am buying a new build house in Totnes with a loan from The Mortgage Works. The builders would not budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not reveal to my solicitor about this deal as it would impact my loan with the bank. Should I keep quiet?.
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 in the process of buying my 1st property in Totnes. Conveyancing solicitor has been selected. The financial consultant suggested that a survey is not appropriate as the property was only built 16 yrs ago.
The bare minimum you need a Home Buyer's Report. As the property is more than ten years old the property will not benefit from a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report may suffice. The report should highlight any apparent issues and suggest additional investigation if relevant. Where there are any signs of material issues get a full structural survey.