Is the fact that my conveyancer in Bedworth is not on my lender's solicitor panel that there is a problem with the standard of the firm’s work?
That would most likely be a wrong assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Bedworth conveyancing practice and enquire why they are no longer on the approved list for your bank.
Are there restrictive covenants that are commonly identified during conveyancing in Bedworth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bedworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Bedworth differ for new build properties?
Most buyers of new build premises in Bedworth contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Bedworth usually buy the land, 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 accustomed to new build conveyancing in Bedworth or who has acted in the same development.
I am looking for a ground for flat up to £305k and identified one close by in Bedworth I like with open areas and station nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Bedworth for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a mortgage that many years will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I'm refinancing my current property to a buy to let loan with Barclays Direct and intend to use the remaining equity as a deposit on another house. The location we are talking about is Bedworth. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our search tool on this page to check that the lawyers are on the relevant lender panels. Having checked that they are the solicitor should be able to tie up the two deals but you should have a chat with you conveyancer and make clear your expectations and needs.
I need to instruct a conveyancing lawyer in Bedworth for my house move. Can I see a solicitor's record with the profession’s regulator?
Members of the public can find documented Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after Jan 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.