I can't travel far from Godshill. Is there a reason why all Godshill conveyancers are not on all mortgage company panels?
Banks tend to impose restrictions on either the nature or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such criteria being that a practice is required to have two or more partners. In addition to restricting the type of firm, some banks decided to reduce the size of their panel they permit to act for them. You should note that building societies have no accountability for the standard of service given by any Godshill solicitor on their panel. Property fraud was the key driver in the rationalisation of solicitor panels in the last decade even though there are contrary points of view about the extent of solicitor involvement in some of that fraud. Data from HM Land Registry exposes that thousands of law organisations only carry out a couple of conveyances a year. Those vindicating conveyancing panel culls ask why law firms deserve any entitlement to be on a lender panel when clearly property law is not their speciality?
We are purchasing a property and need a conveyancing solicitor in Godshill who is on the Virgin Money approved panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Godshill.
I am purchasing a garden flat in Godshill. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Godshill 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 Godshill.
Me and my brother have a 4 bedroom Georgian house in Godshill. Conveyancing lawyer represented me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Godshill and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing lawyer who conducted the conveyancing.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Godshill I like with open areas and station in the vicinity, however it's only got 49 years on the lease. I can't really find anything else in Godshill in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Do online conveyancing organisations undertake everything a high street Godshill solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in Godshill?
Where you use an online conveyancer they will cover all the things your Godshill conveyancer would cover.