I'm in the process of porting my current homeowner loan to a BTL Alliance & Leicester mortgage. I have been informed by my broker that I must appoint a lawyer as part of the process. I got in contact with my previous Catton conveyancing practitioner who who conducted the conveyancing when I originally bought the house. The costs estimate supplied of just over five hundred pounds has taken me by surprise as its a remortgage than a sale or purchase.
The estimate does seem a little on the high side. If you you were to look around you may be able to shave off some of the expense by as much as £125. On the other hand, providing that you were happy with the conveyancing the firm gave you mightlive to rue choosing an an untested lawyer. Remember to enquire that the solicitor can represent Alliance & Leicester . You can utilise our search tool to get a quote a Catton conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in Catton.
Completed the sale of my flat in Catton last March yet the purchaser is calling me to moan that their solicitor needs to hear from mysolicitor. What should have happened now that I have sold?
Following your disposal your lawyer should send the transfer documentation and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer should also evidence that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There are no post completion steps unique to conveyancing in Catton.
I am the only beneficiary of my late mum's estate with all property in now in my sole name, including the house in Catton. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I understand that there is a CML 6 month 'rule', which means that my property ownership will be considered the same way as though I had purchased the house in October. Do I have to wait 6 months to sell?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most lenders would take a practical view as this obligation primarily exists to capture subsales or the wholesaling and assigning of property.
Two weeks ago we had a mortgage agreed in principle with Virgin Money. Catton conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money conducted the valuation? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
About to purchase apartment in Catton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative 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 Catton lawyer is on the Co-operative conveyancing panel.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Catton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Catton. 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…’
Is it best to instruct a Catton conveyancing solicitor based in the location that I am hoping to buy? I have an old university friend who can conduct the conveyancing however his firm is located over three hundred miles drive away.
The benefit of a high street Catton conveyancing firm is that you can attend the office to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local insight which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were happy that should outweigh using an unknown Catton conveyancing lawyer just because they are local.
What are your top tips when it comes to choosing a Catton conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Catton conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Catton conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
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What volume of lease extensions has the firm conducted in Catton in the last 12 months? How familiar is the firm with lease extension legislation?
Leasehold Conveyancing in Catton - Examples of Questions you should consider Prior to buying
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Is there a share of the freehold? What prohibitions are contained in the Catton Lease?