I am buying a right to buy a flat in Corfe Mullen. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Corfe Mullen you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Corfe Mullen.
I happen to be the single recipient of my late father’s estate with all property in now in my sole name, including the house in Corfe Mullen. The Corfe Mullen property was put into my name in December. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership may be considered the same way as if I'd bought the house in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ 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 may be impacted by that. How practical a view mortgage companies take of it, depend on the bank as this clause principally exists to capture the purchase and immediately sell or the flipping of property.
We had instructed conveyancers located in Corfe Mullen on the Virgin Money solicitor approved list. They have just invoiced me a supplemental amount for the legal aspects of the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer may levy a fee for this. This fee is not dictated by Virgin Money but by your Corfe Mullen solicitor. Plenty of firms on the Virgin Money panel will quote an ‘acting for lender’ fee but many firms incorporate it on their overall fee.
I'm in the throws of looking at flats in Corfe Mullen and I am about to put in an offer. Is it sensible to have my solicitor on ‘stand by’? I intend to finance via a home loan with Clydesdale.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are obtaining a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
We are close to exchanging contracts on the sale of our house in Corfe Mullen and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local conveyancer would know this is not the case. It does beg the question why the buyers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Corfe Mullen. Having lived in Corfe Mullen for six years we know of no issue. Do we get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Me and my brother have a 4 bedroom Edwardian property in Corfe Mullen. Conveyancing practitioner acted for me and Santander. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Santander to clarify?
You should review 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 Corfe Mullen 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 purchasers. You can also enquire as to the situation with your conveyancing lawyer who completed the work.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Corfe Mullen I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Corfe Mullen in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the shortness of the lease may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
We are a couple of weeks into a leasehold purchase having been recommend to conveyancers by the high street agent to handle our conveyancing in Corfe Mullen. We are not happy. Could you you assist me in finding new lawyers?
They would need to be very bad in order to consider replacing them. Has your loan offer been issued? In the event that it has you must advise them of the new contact details and have the loan are issued to the new lawyers. Your conveyancer needs to be on the banks approved list to avoid added fees and frustration. So that should be your starting point. The search tool will help you find a lender approved conveyancer for your home move in Corfe Mullen