In the event thatI were to acquire a freehold housein Catshill for cash and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in Catshill?
The only saving you would make on is the disbursement for searches. The property lawyer is required to do the vast majority of work - money laundering, correspond with the vendors lawyer, stamp duty submission, register the ownership etc. You might save a bit for them not having to register a charge but it won't be meaningful.
What is the optimum way to check that the solicitor conducting my conveyancing in Catshill is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barnsley Building Society thus spending £192.00 in additional conveyancing bill.
You should take advantage of the search tool on this web page. Pick the lender and type ‘Catshill’ or your preferred area and you will be presented with numerous conveyancers offices in Catshill or by proximity to you.
It is not clear whether my bank requires a lease extension. I have called my Catshill building society branch on various occasions and was advised it wasn't an issue and they would lend. My Catshill conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancer has to follow the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Intending to buy a maisonette in Catshill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Catshill lawyer is on the Leeds Building Society conveyancing panel.
My offer on a semi in Catshill has been agreed to, but there is a chain. The vendors have offered on a flat, however it’s not yet tied up, and have viewings of other apartments booked. I have selected a nearby conveyancing solicitor in Catshill. What do I do now? When should I get the mortgage application with Nationwide started?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then survey, Catshill conveyancing search charges, etc). The first course of action is to ensure that your conveyancer is on the Nationwide approved list. Concerning the next phase this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. In a rising market the majority of buyers will apply for the mortgage with Nationwide and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to move forward with searches.
Are there restrictive covenants that are commonly identified during conveyancing in Catshill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Catshill. 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…’
Due to the encouragement of my in-laws I had a survey completed on a house in Catshill ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks tend not grant a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Catshill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Catshill to see if the conveyancing will be more expensive.
My husband and I are FTB’s - agreed a price, but the agent advised that the owners will only move forward if we use the agent's recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Catshill
It is improbable the owners are behind this. Should the vendor desire ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Try to communicate with the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to appoint your preferred Catshill conveyancing solicitors - rather thanthe ones that will earn the negotiator at the agency a referral fee or hit his conveyancing targets demanded by HQ.