I have just been advised by my mortgage broker that my Walsall the law firm I have appointed is not on the bank Solicitor panel. What can I do to check?
The sensible course of action for you to take is to call your Walsall conveyancer. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
We are a couple about to exchange contracts for a property in Walsall. We encountered a stumbling block. Our mortgage offer with Accord Mortgages Ltd runs out on 21/9/2021 but the owners are putting forward a completion date of 23/9/2021. Is it possible to prolong the mortgage offer?
The person best placed to deal with your question is your lawyer who will assess if they better off negotiating with the mortgage broker, seller’s representatives, selling agents or possibly all parties given the history of your house move to date.
Finally the sale completed on my house in Walsall last June but our buyer keeps telephoning daily to say their conveyancer is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
Following your sale your conveyancer is duty bound to send the transfer documentation and all supplemental paperwork to the buyer’s solicitors. If applicable, your conveyancer should also evidence that the legal charge in favour of the lender has been repaid to the buyers solicitors. There is unlikely to be post completion formalities just for conveyancing in Walsall.
I used Stirling Law several years past for my conveyancing in Walsall. I now require my papers but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Walsall of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently bought a leasehold property in Walsall. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Walsall Leasehold Conveyancing - A selection of Queries Prior to Purchasing
How long is the Lease? Make sure you discover if there are any onerous restrictions in the lease. For example it is reasonably common in Walsall leases that pets are not allowed in certain buildings in Walsall. If you like the propertyin Walsall yet your cat can’t move with you then you will be presented with a difficult compromise. For most Walsall leaseholds the cost for major works are not incorporated into the maintenance charges, albeit that there some managing agents in Walsall ask leasehold owners to pay into a sinking fund and this is used to offset against larger works.