Our conveyancer has discovered a defect with the lease for the property we are buying in Devizes. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will pay for it. Our solicitor has advised that he must be satisfied that the bank is happy with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. These conveyancing instructions have to be complied with.
My lawyer has informed me that flying freehold insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Devizes?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Accord Mortgages Ltd and Norwich and Peterborough Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
I have paid off my mortgage with Santander. I assume I don't need a Devizes property lawyer on the Santander panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander 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 Santander mortgage from the register. Santander, 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 Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
Bank of Ireland have agreed my mortgage in principle, my offer on a apartment in Devizes has been agreed to, now what?
Your estate agent will need to know who your solicitors are (ensure that the solicitors are on the bank’s panel). Call up Bank of Ireland or your financial adviser and complete any outstanding forms. Bank of Ireland will appoint a valuer who will get in touch with the selling agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Bank of Ireland will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Devizes.
I completed on my flat on 11 November and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Devizes said it should be recorded in less than a month. Are transfers in Devizes uniquely lengthy to register?
There is nothing unique about conveyancing in Devizes registration formalities. Rather than based on location, timescales can differ depending on who lodges the application, whether it is in order and if the Land registry have to notify any third parties. Currently approximately three quarters of such applications are fully addressed within 12 days but occasionally there can be extensive hold-ups. Registration is effected once the buyer is living at the premises therefore an expedited registration is not typically top priority but where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
What does commercial conveyancing in Devizes cover?
Commercial conveyancing in Devizes incorporates a wide array of advice, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to find a conveyancing solicitor for some conveyancing in Devizes. I've discover a web site which seems to have the perfect answer If it is possible to get all the legals completed via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We are in the midst of selling our flat in Devizes. Conveyancing is fine but we are being charged a fortune from the landlord. To date we have paid £295.50 for a leasehold management pack and then another £118 for answers to queries raised by the buyers property lawyer.
You will not have control over the extent of the charges for this information but the typical fee for the information for Devizes leasehold property is £350. When it comes to Devizes conveyancing deals it is usual for the owner to cover the charges. The freeholder or their agents are not duty bound to answer these questions most will be content to do so - albeit often at high prices disproportionate to the work involved. Regretfully there is no statute that requires set charges for administrative tasks. There is no prescriptive time limit by which they are required to issue answers.