I am about to complete on the purchase of a property in Woking but as a consequence of damage from a small fire at the property I have managed to agree compensation from the owner in the sum of £3k in the form of a deduction in the price. I had intended this to be dealt with as part of amending the contract yet will not agree to this. Should they have been informed?
The being on a approved list is required to inform of any variations to the purchase price. If you were to refuse your to report the reduction to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Woking.
Completed the sale of my flat in Woking last April but my buyer keeps Skype messaging daily to say her conveyancer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your house sale your lawyer should deliver the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your lawyer should also confirm that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There is unlikely to be post completion steps just for conveyancing in Woking.
I am the only beneficiary of my late mum's will and I have everything in my name alone, including the house in Woking. The Woking property was put into my name in . I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship could be considered the same way as if I'd bought the house in . Do I have to wait half a year to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. How practical a view mortgage companies take of it, depend on the bank as this obligation primarily exists to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
Are all Woking Conveyancing Quality Solicitors on the conveyancing panel?
It is true that some lenders now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
I am currently in the process of buying my council flat in Woking. I have a mortgage agreed with . Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with , you will need to appoint a solicitor on the conveyancing panel.
I opted to have a survey done on a property in Woking prior to instructing solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some banks may not issue a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woking. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by a few property agents in Woking to find a solicitor using your seach tool. Is there a financial upside for Estate Agents to promote your lawyers rather than alternative conveyancing organisations?
We refuse to offer any financial incentive for pointing buyers and sellers our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.