Completed the sale of my flat in Pevensey Bay last spec month but the buyer keeps calling daily to say his solicitor is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your conveyancer is duty bound to deliver the transfer documentation and all of the paperwork to the purchaser's lawyers. If applicable, your solicitor should also send confirmation that the mortgage has been discharged to the buyers conveyancers. There are no post completion formalities just for conveyancing in Pevensey Bay.
I'm buying a new build house in Pevensey Bay with the aid of help to buy. The builders would not move on the amount so I negotiated 6k of additionals instead. The property agent advised me not disclose to my solicitor about the side-deal as it would affect my mortgage with . Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Should I be suspicious about estate agents that I am dealing with are encouraging me to use a web based conveyancing firm rather than a local Pevensey Bay conveyancing practice?
As with lots of professional services, often recommendations from connections can be very helpful. Yet there are lots of players in a conveyancing matter; estate agents, financial adviser and lenders might all suggest conveyancers to use. Sometimes the conveyancers might be known to one of the organisations as experts in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You are free to select your own lawyer. Don't forget that many lenders have an approved list of solicitors you are obliged to use for the mortgage related work in your conveyancing.