We note that you have a search directory listing firms on the Skipton conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Bedford?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bedford.
My Solicitor in Bedford is not on the Norwich and Peterborough Building Society Solicitor Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the Norwich and Peterborough Building Society approved list?
Your options are as follows:
- Carry on with your preferred Bedford lawyers but Norwich and Peterborough Building Society will need to retain a conveyancer on their list of acceptable firms. This will result in additional total conveyancing fees and cause delays.
- Find an alternative practitioner to act in the purchase, obviously checking they are Persuade your lawyer to do everything within their powers to join the Norwich and Peterborough Building Society conveyancing panel
Do I need to pay for insurance to address the risk of chancel repairs when acquiring a residence in Bedford?
Unless a prior purchase of the house took place after 12 October 2013 you can assume that solicitors carrying out conveyancing in Bedford to continue to advocate a chancel search and or chancel repair liability policy.
Taking into account that I am about to spend 450k on 3 bedroom house in Bedford I wish to have a conversation with the lawyer regarding thehome move in advance of giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer who will be carrying out your property ownership legalities in Bedford.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Bedford should be the amount on the final invoice that you end up paying.
What makes a Bedford lease unmortgageable?
There is nothing unique about leasehold conveyancing in Bedford. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain elements of the property
You will encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Coventry Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.
Leasehold Conveyancing in Bedford - Examples of Queries Prior to Purchasing
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Where a Bedford lease has no more than 80 years it will impact the salability of the flat. It is worth checking with your mortgage company that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will probably need a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will be required to have owned the residence for 24 months before you are eligible to exercise a lease extension. What is the maintenance charge and ground rent on the property?
My wife and I are selling a Bedford bungalow left to us six years ago in 2012. I have over a decades worth of conveyancing experience and, although retired, wish to undertake my own conveyancing. The buyer's solicitor has informed me that their bank will not allow you to do your own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Lending requirements to property lawyers from all CML members specify that If the vendor is not legally represented the purchaser’s lawyers should check whether the bank needs to be notified so that a decision can be made as to whether or not they are willing to progress.