My fiancee and I are acquiring our first property. Our property lawyer has calledto see if we would like to purchase extra conveyancing searches. We are really unsure what's recommended for conveyancing in Amesbury
The number and type of Amesbury conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your familiarity of the area and risks, your overall appetite to risk. What matters is that you properly comprehend what information each search could supply. Then you can make a decision if you consider that you need that search. Where you are in doubt, ask your solicitor to guide you.
My lawyer in Amesbury is not on the The Royal Bank of Scotland Approved Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are not on the The Royal Bank of Scotland approved list?
The limited options available to you here include:
- Complete the purchase with your preferred Amesbury lawyers but The Royal Bank of Scotland will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the total legal charges and cause delays.
- Find a new practitioner to to deal with the purchase, remembering to check they are on the The Royal Bank of Scotland panel
When it comes to lenders such as Virgin Money, do Amesbury conveyancing practitioners have to pay a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Is it the case that all Amesbury solicitor practices on the Principality conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Principality conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel and in such a situation the organisation would be overseen by the CLC.
I was told three weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Amesbury is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
Just had an offer accepted on a new build apartment in Amesbury. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Amesbury
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey done on a property in Amesbury in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Amesbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Amesbury to see if the conveyancing will be more expensive.
I need to instruct a conveyancing lawyer in Amesbury for my remortgage. Is it possible to see a solicitor's record with the profession’s regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.