I have a decision in principle. The bank mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather use a specialised conveyancing solicitor in Chaddesley Corbett?
You should check but the chances are that allocate you one of their panel solicitors where you want the "fee-free" offer. Speak to the mortgage company and explore if they offer you a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Chaddesley Corbett.
I happen to be the single recipient of my late mum's will with all property in now in my sole name, including the house in Chaddesley Corbett. Conveyancing formalities meant that the Land Registry date was in February. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the house in February. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How practical a view lenders take of it, depend on the bank as this provision primarily exists to capture subsales or the quick reselling of properties.
I had a mortgage agreed in principle with Principality. Chaddesley Corbett conveyancing lawyers have been instructed. What is the average time that one could expect to receive a mortgage offer from Principality?
Some lenders take longer than others. Have Principality done the survey? Have you advised Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have paid off my mortgage with Co-operative. I assume I don't need a Chaddesley Corbett property lawyer on the Co-operative panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
Will our lawyer be making enquiries concerning flooding as part of the conveyancing in Chaddesley Corbett.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Chaddesley Corbett. There are those who acquire a property in Chaddesley Corbett, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, but there are a number of checks that can be initiated by the purchaser or by their lawyers which will figure out the risks in Chaddesley Corbett. The standard property information forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the premises has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a purchaser may bring a legal claim for losses stemming from an misleading response. The purchaser’s conveyancers will also order an enviro report. This should reveal if there is any known flood risk. If so, additional investigations will need to be initiated.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Chaddesley Corbett?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Chaddesley Corbett. 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…’
Given that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Chaddesley Corbett I would like to talk to a conveyancer about myconveyancing before giving the go ahead to the firm. Can this be arranged?
This is something that we encourage - we would be delighted to talk to you we do not take any clients on without you liaising with the conveyancer who will be conducting your conveyancing in Chaddesley Corbett.There is no ‘factory style conveyancing’ - each client is an important person, not a file number. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Chaddesley Corbett should be the figure that you end up paying.
My husband and I are new on the property ladder - agreed a price, yet the estate agent advised that the owners will only proceed if we instruct their recommended solicitors as they want a ‘quick sale’. My instinct tells me that we should use a family conveyancer who is familiar with conveyancing in Chaddesley Corbett
It is highly unlikely the sellers are driving this. Should the seller desire ‘a quick sale', alienating a serious purchaser is counter productive. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your preferred Chaddesley Corbett conveyancing solicitors - as opposed tothose that will earn their estate agent a commission or hit his conveyancing thresholds demanded by HQ.