We are buying a newly built duplex in Sidmouth and my lawyer is informing me that she has to the mortgage company to reveal incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I don't want to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Sidmouth?
There are two types of lawyers who can execute conveyancing in Sidmouth namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that you need to complete the sale or acquisition of property. Both are required to perform Sidmouth conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly administered and that all requirements and steps should be correctly followed.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Sidmouth property lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
HSBC have agreed my mortgage in principle, my offer on a apartment in Sidmouth has been agreed to, what are the next steps?
The estate agent will wish to know who your solicitors are (make sure the conveyancers are on the bank’s approved list). Contact HSBC or your financial adviser and finalise any appropriate paperwork. HSBC will instruct a valuer who will get in touch with the selling agent or owners to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes approximately ten days to receive the mortgage offer. HSBC will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Sidmouth.
I note that there are debates on Chancel Insurance on online forums. Do I require this when purchasing a residence in Sidmouth? or Apparently there is historic law that could mean that house owners residing in a parish church boundary will be compelled to pay for repairs to the chancel in proximity to the church. Is this appropriate for conveyancing in Sidmouth?
Unless a prior acquisition of the house completed post 12 October 2013 you may assume that conveyancing practitioners conducting conveyancing in Sidmouth to remain recommending a chancel search and or chancel repair liability insurance.
I have a 4 bedroom Georgian house in Sidmouth. Conveyancing lawyer represented me and HSBC Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to assess 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 Sidmouth and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who carried out the work.
Our conveyancing in Sidmouth is completing this Friday, but the sellers I am purchasing off wants to move out the next day at at 2pm. Do I agree to such a plan?
It is not possible to complete on a Saturday due to the bank systems are not working.