Completed the sale of my flat in Daventry last December but our buyer keeps Skype messaging daily to say his solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Following your disposal your conveyancer is duty bound to deliver the transfer deeds and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also confirm that the legal charge in favour of the lender has been discharged to the buyers lawyers. There is unlikely to be post completion formalities specific conveyancing in Daventry.
We hope to to purchase with Loughborough BS. We have called around locally yet am struggling to find a Daventry conveyancing firm on the Loughborough BS panel. Can you help?
Please do take advantage of the find a lender approved solicitor tool on this site. Pick the mortgage company and type Daventry or your preferred area and you will discover numerous solicitors based in Daventry or near you.
I am purchasing my first flat in Daventry with a mortgage from Nationwide Building Society. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not disclose to my lawyer about the side-deal as it may jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Due to the advice of my in-laws I had a survey completed on a house in Daventry in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will refuse to issue a mortgage on this type of house.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Daventry. Conveyancing will be smoother if you use a solicitor in Daventry especially if they are familiar with such properties in Daventry.
My father-in-law has suggested that I use his lawyers for conveyancing in Daventry. Should I use them?
No doubt the ideal way to choose a conveyancing lawyer is to have guidance from friends or relatives who have previously instructed the conveyancer that you are are thinking of instructing.