My brother-in-law has suggested I instruct a conveyancing solicitor in Colne. I I would like to check if they are accepted on the Accord Mortgages Ltd approved list of lawyers. Can you help?
The first thing to do is phone your conveyancer and enquire if they are on the lender panel. Alternatively please get in touch with Accord Mortgages Ltd who may be able to assist.
I am the single recipient of my late mum's will with all property in now in my sole name, including the my former home in Colne. The Colne property was put into my name in August. I plan to dispose of the house. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership could be considered the same way as though I had purchased the property in August. Do I have to wait 6 months to sell?
The CML handbook mandates solicitors 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 banks take of it, depend on the bank as this requirement is chiefly there to identify the purchase and immediately sell or the wholesaling and assigning of properties.
I have paid off my mortgage with Virgin Money. I assume I don't need a Colne solicitor on the Virgin Money panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Virgin Money 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 Virgin Money mortgage from the register. Virgin Money, 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 Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
HSBC have agreed my mortgage in principle, my bid on a flat in Colne has been accepted, what are the next steps?
Your estate agent will need to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the lender’s panel). Call up HSBC or your financial adviser and complete any appropriate documentation. HSBC will instruct a valuer who will get in contact with the estate agent or owners to book a slot for the valuation to happen. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. HSBC will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Colne.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial estate in Colne?
Many commercial conveyancing solicitors in Colne will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Colne. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Colne.
For each commercial conveyancing transaction in Colne it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Colne commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Colne.
Me and my brother purchased a renovated Georgian property in Colne. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for 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 Colne and other areas of 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 buyers. You can also question the position with your conveyancing practitioner who conducted the conveyancing.
How does conveyancing in Colne differ for new build properties?
Most buyers of new build or newly converted property in Colne approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Colne usually acquire the site, 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 property lawyers 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 accustomed to new build conveyancing in Colne or who has acted in the same development.
My husband and I are novice buyers - agreed a price, but the estate agent has warned us that the owners will only move forward if we appoint their recommended solicitors as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor used to conveyancing in Colne
We suspect that the owner is unaware of this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a genuine buyer is not the way to achieve this. Speak to the owners direct and make sure they understand (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Colne conveyancing firm - rather thanthe ones that will provide the negotiator at the agency a referral fee or achieve conveyancing thresholds demanded by HQ.