Completed the sale of my flat in Wanstead last October yet the purchaser is texting daily to say his solicitor is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your house sale your lawyer should send the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your solicitor should also evidence that the legal charge in favour of the lender has been discharged to the purchasers lawyers. There is unlikely to be post completion tasks peculiar conveyancing in Wanstead.
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to appoint a specialised conveyancing solicitor in Wanstead?
Do check but the the likelihood is that give you one of their panel solicitors should you take up the "fee-free" incentive. Speak to the lender to check if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Wanstead.
2 months have gone by following my purchase conveyancing in Wanstead completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 premises 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 buying a new build house in Wanstead benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of additionals instead. The property agent suggested that I not disclose to my lawyer about the side-deal as it could impact my loan with the lender. Do I keep my lawyer in the dark?.
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.
My a dozen years ago. He has got married, widowed and in recent months got married again. He will be marketing the property this June. I believe he will just be asked to provide a copy of the marriage certificates to the lawyer but he is anxious it could frustrate the conveyancing. Should he appoint a lawyer to update the Land Registry information for the property?
The is no need to bring up to date the title for the property providing you have the evidence needed to show how the change of name has come about.
Any purchaser’s conveyancing practitioner should check the land registry details and ask for evidence to establish the name change e.g. marriage documentation.