Me and my partner are due to exchange buying a property in Ferring but as a consequence of wreckage from the recent storms I have managed to agree reparation from the vendor in the sum of £3k taking the form of a deduction in the price. I had intended this to be dealt with as part of amending the contract yet HSBC will not agree to this. Should they have been notified?
Your conveyancing practitioner that is on the HSBC conveyancing panel is duty bound to inform HSBC of any variations to the purchase price. If you prohibit your conveyancer to report the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancing practitioner for your conveyancing in Ferring.
The Ferring conveyancing firm that I appointed last week on my house acquisition in Ferring have suddenly shut down. I only went with them because I needed a lawyer on the HSBC conveyancing panel and my previous Ferring lawyer was not. I paid them funds on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the HSBC conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I happen to be the only recipient of my late father’s will and I have everything in my name now, including the house in Ferring. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my proprietorship may be treated the same way as if I'd bought the house in December. Do I have to wait half a year to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Some mortgage companies would take a sensible view as this obligation is chiefly there to capture subsales or the flipping of properties.
I am selling my flat. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Principality are being a right pain. The Ferring solicitor who is on the Principality conveyancing panel is saying indemnity insurance will be fine but Principality are requiring a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
At last I have had an offer on an apartment in Ferring agreed to, the vendors do nevertheless have a dependent purchase. The owners have offered on somewhere, but it’s not yet tied up, and are looking at other flats booked. I have instructed a bricks and mortar conveyancing solicitor in Ferring. What should be my next step? When should I get the mortgage application with Yorkshire BS started?
It is normal to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Ferring conveyancing search charges, etc). The first thing to do is ensure that your property lawyer is on the Yorkshire BS approved list. Concerning the next steps this very much dictated by the circumstances of your transaction, motivation for the property and on the state of the market. During a buoyant market some buyers would apply for the mortgage with Yorkshire BS and arrange for the valuation and only if it comes back ok would they request their conveyancer to press on with searches.
It has been four months since my purchase conveyancing in Ferring took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Looking for a conveyancing solicitor in Ferring. I did have one sorted but they are not on the panel for Leeds Building Society. It seems that these days most building societies only allow solicitors on their panel. Very frustrating restricting the choice for the paying public. Is it possible for you to refer me to a good Ferring solicitor that can assist us as well as represent Leeds Building Society?
The purpose of this site is restricted to being a directory service for lawyers who want to be listed as being on the approved conveyancing panel for Leeds Building Society in certain locations for example Ferring . We dont recommend any particular property lawyer.