Having sold my house in Fortis Green last June but the buyer keeps Skype messaging every few hours complaining that her conveyancer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer should deliver the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where appropriate, your lawyer must also confirm that the mortgage has been discharged to the purchasers solicitors. There is unlikely to be post completion tasks specific conveyancing in Fortis Green.
Two weeks ago we had a mortgage agreed in principle with RBS. Fortis Green conveyancing practitioners were appointed. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS done the valuation? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have a mortgage with Yorkshire BS for my property in Fortis Green. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Yorkshire BS?
You must advise Yorkshire BS in advance of letting out your property as this is likely to be a breach of Yorkshire BS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Yorkshire BS directly. You need not do this via a Yorkshire BS conveyancing panel firm.
The formalities of my purchase has taken place for my property in Fortis Green. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
four months have elapsed since my purchase conveyancing in Fortis Green concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 asset 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.
Due to the advice of my in-laws I had a survey completed on a house in Fortis Green ahead of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks tend not issue a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Fortis Green. Conveyancing may be slightly more expensive based on your lender's requirements.
I have appointed a Fortis Green conveyancing solicitor for our home move (FTB’s) and have picked up in the terms and conditions that they are not governed by the FCA. Should I be concerned or is that standard with conveyancing practitioner?
We can't see why they should be. Most solicitor don't lend money. You should check that they are regulated by the SRA, who have strict laws in relation to funds deposited by them.