I am purchasing residence in Birtley. My Conveyancer has never been on on the lender approved panel. Can I still retain my Birtley conveyancing solicitor notwithstanding that they are not on the lender approved list?
You have numerous choices available to you here
- Carry on with your preferred Birtley conveyancer but your lender will need to retain a conveyancing practitioner from their conveyancing panel. The net result is additional fees together with potential interruption.
- Choose a new conveyancing practitioner to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your solicitor to do everything within their powers to get accepted on the bank’s panel of solicitors
We're in Birtley, FTBs purchasing with a mortgage (lender is Kent Reliance , and our lawyer is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
Various internet forums that I have come across warn that are the main cause of obstruction in Birtley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Birtley.
3 months have elapsed since my purchase conveyancing in Birtley took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 residence 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.
I have been on the look out for a ground for flat up to £235,500 and found one close by in Birtley I like with a park and station in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Birtley for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan that many years may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
How easy is it to use the search app to choose a conveyancing practitioner in Birtley on the authorised to act for my bank?
Step one is to pick a bank such as Lloyds TSB Bank, Bank of Scotland or Aldermore then type in your location such as Birtley. Conveyancing organisations in Birtley and nationally should be identified.