Why do I have to pay up front when it comes to conveyancing in Catton?
Where you are retaining lawyers for conveyancing in Catton your lawyer will request that you put them with funds to cover the search fees. Generally this is needed to cover the fees of the conveyancing searches. When the deposit is as part of the purchase price then this should be needed shortly ahead of exchange of contracts. The closing balance that is due should be transferred a few days ahead of the completion date.
Can you clarify what the consequences are if my lawyer’s firm is removed from the Leeds Building Society Solicitor panel ahead of completing my conveyancing in Catton?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Just had an offer accepted on a new build flat in Catton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Catton
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. 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.
Due to the input of my in-laws I had a survey completed on a property in Catton before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks will refuse to issue a loan on such a house.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Catton. Conveyancing will be smoother if you use a solicitor in Catton especially if they are accustomed to such properties in Catton.
I'm refinancing my current property to a BTL loan with Barclays and intend to use the remaining equity as a deposit on a second property. The location we are interested in is Catton. Will your solicitors be able to act for the two mortgage companies and tie in the transactions?
Make use of our search tool on this site to be sure that the conveyancers are on the appropriate lender panels. Assuming that they are the lawyer should be able to tie up the two conveyancing matters but you should talk with you solicitor and make clear your desired outcome and requirements.
In my capacity as executor for the will of my grandmother I am disposing of a residence in Monmouth but I am based in Catton. My lawyer (who is 250 miles from mehas requested that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Catton who can attest this legal document for me?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are Catton based