My wife and I are due to exchange buying a property in Telford but as a result of damage from the recent storms I have was able negotiate recompense from the seller of £3k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement however Barclays will not agree to this. Should they have been informed?
The property lawyer being on the Barclays approved list is obliged to disclose to Barclays of any variations to the sale price. If you prohibit your solicitor to disclose the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new conveyancing practitioner for your conveyancing in Telford.
We are purchasing a property and require a conveyancing solicitor in Telford who is on the Kent Reliance approved panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Telford.
We are aiming to move property in March. Does my conveyancing solicitor call the removal company on the completion day. On a separate note, can you recommend a removal company in Telford. Conveyancing firm was found prior to coming across this website.
On the afternoon of completion you can pick up the keys from your property agent however this can only be done after the vendors conveyancers inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. Subsequently you will need to inform the removal company that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can assist you in locating a conveyancing in Telford or a solicitor that specialises in conveyancing in Telford.
I am the sole beneficiary of my late father’s estate and I have everything in my name alone, including the my former home in Telford. The Telford property was put into my name in December. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my property ownership could be treated the same way as if I'd bought the property in December. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. How sensible a view banks take of it, depend on the mortgage company as this clause is chiefly there to capture the purchase and immediately sell or the flipping of properties.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Telford bank branch on numerous occasions and was told they are content with the situation and they will lend. My Telford conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend based on their published requirements. Who do I believe?
Provided that the solicitor is on the mortgage company approved list, they must adhere to the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I bought my home on 14 April and the transaction details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Telford said it should be dealt with in a couple of weeks. Are properties in Telford particularly slow to register?
There is nothing unique when it comes to conveyancing in Telford registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether there are errors and if the Land registry have to notify any interested parties. As of today approximately 80% of submission are fully addressed in less than three weeks but occasionally there can be extensive delays. Historically registration takes place after the buyer is living at the premises thus an expedited registration is not always top priority but if there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.
We had our home loan agreed in principle on Monday with our lender. We have retained a high street conveyancer in Telford two days ago. This morning, our financial adviser phoned to advise us that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we did not have a clue that the lender had a say Is this allowed?
You are at liberty to select any conveyencer you wish to choose for your conveyancing in Telford nevertheless if they are not on the your lender's panel you would have to fork out additional cost so the bank can retain their own lawyers. It may be possible your solicitor may apply to get added to the bank list of approved firms. Do make the most of internet search facilities including lenderpanel.com to find a conveyancing solcitor in Telford on the mortgage company panel. You can go into your high street mortgage company branch in Telford. They will know some good conveyancing solicitors in Telford on the panel for your bank.