I am getting a mortgage with Lloyds. I intend to retain the legal services of a Licensed Conveyancer in Catshill. Does the Lloyds Conveyancing panel exclude conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Me and my partner are soon to complete buying a property in Catshill but as a consequence of wreckage from the recent storms I have managed to agree compensation from the current proprietors in the sum of six thousand pounds in the form of a reduction in the price. This was going to be addressed as part of amending the contract yet Nationwide are not allowing this. Why were they involved?
Your conveyancer being on a Nationwide approved list is required to inform Nationwide of any changes to the purchase price. If you were to refuse your conveyancer to disclose the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancing practitioner for your conveyancing in Catshill.
Do the Building Society Association intend to launch a searchable register to to identify firms on the Darlington Building Society conveyancing panel for example in Catshill?
We are not aware of any plans on the part of the BSA to develop such a register.
We are purchasing a apartment in Catshill. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am assisting my aunt sell her property in Catshill. Does the solicitor commission an EPC or it is for me to see to?
Following the demise of Home Packs, EPC’s remained a mandatory element of moving house. An energy assessment should be to hand prior to the property being advertised. This is not a task that law firms ordinarily organise. Where you are using a Catshill conveyancing solicitor they might be able to arrange energy assessments given their relationships with long established local energy assessors
Leeds Building Society have agreed my home loan in principle, my offer on a house in Catshill has been agreed to, now what?
The estate agent will need to know who your solicitors are (ensure that the conveyancers are on the lender’s panel). Telephone Leeds Building Society or the broker and finish off any outstanding forms. Leeds Building Society will appoint a valuer who will get in touch with the estate agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Leeds Building Society will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Catshill.
We are selling our home in Catshill and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a nationwide conveyancing firm as opposed to a conveyancing solicitor in Catshill. We have lived in Catshill for six years we know of no issue. Do we get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Catshill. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Catshill
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?