My fiance and I are planning to purchase a property in Chellaston and have appointed a Chellaston conveyancing firm. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. The Mortgage Works have this afternoon contacted us to inform me that there is now an issue as our Chellaston solicitor is not on their approved list of lawyers. Is this a problem?
When purchasing a property with mortgage finance it is standard for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Chellaston lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
What can a local search inform me about the property my wife and I buying in Chellaston?
Chellaston conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search plays an important role in many a Chellaston conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I got the keys to my flat on 14 September and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Chellaston said it should be recorded in less than a month. Are properties in Chellaston particularly slow to register?
As far as conveyancing in Chellaston is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can vary subject to who lodges the application, whether there are errors and if the Land registry communicate with any other parties. As of today approximately three quarters of such applications are fully addressed in less than three weeks but occasionally there can be protracted delays. Registration is effected after the buyer has moved in to the premises thus an expedited registration is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for an expedited registration.
About to purchase a new build flat in Chellaston. Conveyancing is necessary evil 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 conveyancing.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chellaston
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Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I decided to have a survey completed on a house in Chellaston ahead of appointing solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some lenders may refuse to grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chellaston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chellaston to see if the conveyancing will be more expensive.
My cousin has encouraged me to instruct his conveyancers in Chellaston. Do I take his guidance?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to get feedback from friends or family who have previously instructed the conveyancer that you are considering.