Having sold my house in Wimborne last April yet the purchaser is calling me to moan that her conveyancer needs to hear from mine. What should my lawyer have done following completion?
Following your disposal your conveyancer is committed to forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. If applicable, your lawyer must also confirm that the home loan has been discharged to the purchasers lawyers. There are no post completion procedures peculiar conveyancing in Wimborne.
I have been told that property searches are the primary cause of hinderance in Wimborne 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 feature within the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Wimborne.
I'm purchasing my first flat in Wimborne with the aid of help to buy. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not reveal to my lawyer about this extras as it would adversely affect my mortgage 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.
I opted to have a survey done on a property in Wimborne prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not issue a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wimborne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wimborne to see if the conveyancing costs will increase in light of this.
My mother and father are encountering problems in finding their Wimborne land registry title on the online search facility. They recall that 48 years ago when they acquired the property there were complications concerning the post code not being recognised in some systems.
Almost all residences in Wimborne should be revealed. Have you endevoured to search to simply the postcode. Ordinarily it will disclose all the residences within that postcode. Assuming the property is recorded it will be there with a title number. If they bought 48 years ago it's conceivable it may be unrecorded. The address might still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title deeds which may be with your parent’s lender.