My wife and I are soon to exchange on the purchase of a house in Wythenshawe but as a result of wreckage from some water damage at the property I have was able negotiate compensation from the vendor of £2k in the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement but Skipton are not allowing this. Should they have been informed?
The conveyancer that is on the Skipton conveyancing panel is required to disclose to Skipton of any changes to the purchase price. If you prohibit your solicitor to report the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new lawyer for your conveyancing in Wythenshawe.
Finally the sale completed on my house in Wythenshawe last August but our buyer keeps whats apping me to moan that his lawyer needs to hear from mine. What should have happened now that I have sold?
Following your sale your lawyer is duty bound to forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer should also confirm that the legal charge in favour of the lender has been discharged to the buyers solicitors. There are no post completion formalities just for conveyancing in Wythenshawe.
Me and my partner are buying a apartment in Wythenshawe. I might seem paranoid but how we can trust a conveyancer? At some point we have to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Wythenshawe building society branch on a couple of occasions and was advised it wasn't a problem and they would lend. My Wythenshawe conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I simply don't know who is right.
Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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.
My offer on a house in Wythenshawe has been accepted, but there is a chain. The vendors have put an offer on a property, but it’s not yet agreed to, and are looking at other apartments in the pipeline. I have chosen a local conveyancing solicitor in Wythenshawe. What do I do now? At what point should I apply for the mortgage with Skipton?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Wythenshawe conveyancing search charges, etc). First, you should ensure that your conveyancer is on the Skipton approved list. As to the next stages this very much depends on the circumstances of your case, motivation for the property and on the state of the market. During a buoyant market some buyers would apply for the mortgage with Skipton and arrange for the valuation and only if it was satisfactory would they request their lawyer to press on with searches.
I have been told that property searches are the primary reason for obstruction in Wythenshawe house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Wythenshawe.
My husband and I are FTB’s - had an offer accepted, but the selling agent has warned us that the seller will only issue a contract if we instruct their preferred solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Wythenshawe
It is unlikely the vendors are behind this. Should the seller desire ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Speak to the owners direct and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you will continue to instruct your own,trusted Wythenshawe conveyancing firm - not the ones that will give the negotiator at the agency a referral fee or meet his conveyancing figures pre-set by corporate headquarters.