I am hoping to receive a mortgage with Nat West. I intend to instruct a Licensed Conveyancer in Atherstone. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We're in Atherstone, First timers purchasing with a mortgage (lender is Yorkshire BS , and our lawyer is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
It has been four months since my purchase conveyancing in Atherstone concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
Taking into account that I will soon spend £400,000 on a garden flat in Atherstone I wish to talk to a conveyancer about myconveyancing prior to appointing the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your conveyancing in Atherstone.There is no ‘factory style conveyancing’ - every client is unique person, not a file number. The law firms that we put you in touch with believe that the figure you are provided with for residential conveyancing in Atherstone should be the amount on the final invoice that you are charged.
Should I instruct a Atherstone conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can handle the legal formalities however they are based approximately 350miles away.
The benefit of a high street Atherstone conveyancing practice is that you can attend the office to execute documents, present your identification documents and apply pressure on them where appropriate. Having local Atherstone know how is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were happy that should surpass using an unfamiliar Atherstone conveyancing solicitor solely due to them being Atherstone based.
We are midway through buying a property in Atherstone. Conveyancing lawyer has told us the property is "Leasehold". Will this likely adversely affect the salability of the property?
Atherstone conveyancing does not usually involve leasehold houses. The key consideration here is the remaining lease term and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it’s unlikely to affect the marketability too much.
At the other end of the spectrum, if it's, say, 50 years it will have a material impact on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease which should be made available to your conveyancing practitioner.