I am obtaining a mortgage with Santander. I hope to enlist the help of a Licensed Conveyancer in Clent. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do lenders provide you with an approved list of Clent conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Clent conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
Me and my brother have a renovated Edwardian house in Clent. Conveyancing practitioner represented me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Clent and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing solicitor who completed the work.
How does conveyancing in Clent differ for new build properties?
Most buyers of new build property in Clent come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Clent typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Clent or who has acted in the same development.
I am looking for a flat up to £305k and found one near me in Clent I like with a park and station in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Clent for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
We're first time buyers - had an offer accepted, but the property agent has warned us that the vendor will only go ahead if we instruct their recommended lawyers as they want a ‘quick sale’. We would rather use a high street solicitor who is familiar with conveyancing in Clent
We suspect that the seller is not behind this requirement. Should the vendor desire ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Contact the vendors directly and make the point that (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you are going to use your preferred Clent conveyancing lawyers - as opposed tothose that will provide their estate agent a kickback or achieve conveyancing figures pre-set by senior management.