Completed the sale of my flat in Thatcham last March yet the purchaser is texting daily to say their lawyer needs to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your conveyancer should forward the transfer deeds and all additional paperwork to the purchaser's conveyancer. Where relevant, your solicitor should also confirm that the home loan has been redeemed to the buyers conveyancers. There is unlikely to be post completion requirements just for conveyancing in Thatcham.
My property lawyer in Thatcham has never been on on the TSB Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the TSB panel?
The limited options open to you here include:
- Complete the purchase with your existing Thatcham lawyers but TSB will need to use a solicitor on their panel. This will inevitably rack up the total conveyancing fees and cause frustration.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are TSB approved.
- Persuade your TSB based solicitor to seek to join the TSB panel
I am buying my first flat in Thatcham benefiting from help to buy. The sellers would not move on the amount so I negotiated 6k of extras instead. The sale representative advised me not reveal to my lawyer about this side-deal as it will impact 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.
I was advised by three or four local property agents in Thatcham to select a property lawyer on your site. Is there a financial incentive for Estate Agents to offer your services over a competitor’s?
We don’t make any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are new to the buying process - had an offer accepted, yet the property agent has warned us that the seller will only issue a contract if we use the agent's preferred solicitors as they want an ‘expedited deal’. We would rather use a local solicitor accustomed to conveyancing in Thatcham
We suspect that the owner is not behind this request. Should the seller require ‘a quick sale', alienating a serious purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are serious purchasers (b)you are ready to go, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your preferred Thatcham conveyancing solicitors - as opposed tothe ones that will earn the estate agent a introducer fee or hit his conveyancing figures demanded by senior management.