My husband and I are purchasing a 3 bedroom flat in Godshill with a mortgage. We wish to retain our Godshill solicitor, but the lender advise he's not on their "panel". It seems we have no option but to instruct one of the mortgage company panel firms or keep our Godshill lawyer and pay for one of their panel firms to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Godshill conveyancing solicitor to apply to be on the conveyancing panel.
Finally the sale completed on my house in Godshill last August yet the purchaser is Skype messaging every few hours complaining that her conveyancer needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Following your sale your lawyer should forward the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor must also confirm that the home loan has been discharged to the buyers solicitors. There are no post completion tasks peculiar conveyancing in Godshill.
I am close to exchanging contracts on the sale of our house in Godshill and according to the buyers it appears that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the buyers used a nationwide conveyancing practice as opposed to a conveyancing solicitor in Godshill. Having lived in Godshill for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You should enquire of 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)
three months have gone by following my purchase conveyancing in Godshill took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Godshill. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Godshill
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Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Due to the advice of my in-laws I had a survey completed on a property in Godshill prior to appointing solicitors. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies may not grant a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Godshill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Godshill to see if the conveyancing costs will increase in light of this.