Having sold my house in Lanchester last May yet the purchaser is Skype messaging daily complaining that her solicitor is waiting to hear from mysolicitor. What should my lawyer have done now that I have sold?
Following your disposal your conveyancer is duty bound to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your lawyer must also evidence that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion tasks peculiar conveyancing in Lanchester.
Do the Building Society Association intend to launch a searchable register to to identify law firms on the Darlington Building Society conveyancing panel for instance in Lanchester?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
I just acquired a flat at auction in Lanchester. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you must instruct a conveyancing solicitor soon as you are faced with a pending a drop dead date to complete the conveyancing. All auction property should have a corresponding auction pack. This will include evidence of title and search results. In the case of leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You should hand this to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds organised to complete the transaction on the set completion date.
I happen to be the only recipient of my late mum's estate and I have everything in my name now, including the house in Lanchester. The Lanchester property was put into my name in October. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership could be regarded the same way as though I had purchased the house in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates solicitors 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 banks would take a sensible view as this provision chiefly exists to identify subsales or the wholesaling and assigning of property.
Can you point me to a directory of Nationwide panel solicitors in Lanchester on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings viewable online. Where you are seeking to appoint a Lanchester solicitor on the Nationwide please use our facility.
five months have gone by since my purchase conveyancing in Lanchester 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.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Lanchester I like with amenity areas and railway links nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Lanchester in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.