Completed the sale of my flat in Netherley last March yet the purchaser is texting me complaining that her conveyancer is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
Post completion of your sale your lawyer should deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer should also send confirmation that the home loan has been repaid to the purchasers conveyancers. There are no post completion procedures just for conveyancing in Netherley.
My colleague suggested that where I am purchasing in Netherley I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Netherley conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Netherley around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Netherley Education with maps and statistics, Local Amenities and other useful data regarding Netherley.
My wife and I own a terraced Edwardian house in Netherley. Conveyancing solicitor represented me and The Mortgage Works. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Netherley and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who completed the work.
I am purchasing my first flat in Netherley benefiting from help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not reveal to my conveyancer about the side-deal as it could jeopardize my mortgage with Birmingham Midshires. 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.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Netherley is the location of the property. What do you suggest?
Flying freeholds in Netherley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Netherley you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Netherley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm converting the mortgage on my existing home to a buy to let loan with Alliance & Leicester and I will use the ballance of the raised equity as a deposit on another house. The area we are talking about is Netherley. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are on the appropriate lender panels. Assuming that they are your conveyancer will be able to tie up the two transactions but you should have a chat with you lawyer and specify your desired outcome and needs.