Finally the sale completed on my house in Corston last January yet the purchaser is whats apping daily to moan that her conveyancer is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your sale your lawyer should send the transfer documentation and all additional paperwork to the purchaser's solicitors. Where appropriate, your conveyancer should also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There are no post completion tasks peculiar conveyancing in Corston.
Should my lawyer be raising enquiries regarding flooding as part of the conveyancing in Corston.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Corston. Some people will buy a house in Corston, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to impart advice on flood risk, but there are a various checks that can be initiated by the purchaser or by their lawyers which will figure out the risks in Corston. The conventional set of information supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the owner to find out whether the property has historically flooded. In the event that flooding has previously occurred which is not revealed by the vendor, then a purchaser may bring a compensation claim as a result of such an misleading answer. The purchaser’s solicitors may also conduct an enviro search. This should indicate whether there is any known flood risk. If so, further investigations should be conducted.
How does conveyancing in Corston differ for newly converted properties?
Most buyers of new build premises in Corston come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Corston typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Corston or who has acted in the same development.
I'm converting the mortgage on my current property to a BTL loan with Chelsea Building Society and intend to use the remaining equity as a deposit on a second house. The location we are interested in is Corston. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Make use of our search tool on this site to ensure that the lawyers are on the appropriate lender panels. Assuming that they are your solicitor will be able to tie up the two conveyancing matters but you should talk with you conveyancer and make apparent your expectations and needs.
As co-executor for the estate of my uncle I am disposing of a property in Monmouth but reside in Corston. My lawyer (based 235 kilometers awayhas requested that I execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in Corston to attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are based in Corston