My husband and I are looking to buy a home in Grassendale and have appointed a Grassendale conveyancing firm. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Norwich and Peterborough Building Society have this afternoon contacted us to advise us that they have now hit a problem as our Grassendale conveyancer is not on their conveyancing panel. Please explain?
When purchasing a property with mortgage finance it is conventional for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Grassendale solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
My wife and I are in the throws of looking at flats in Grassendale and I am about to put in an offer. Should I already have a conveyancing practitioner appointed at this stage? I intend to finance via a home loan with Virgin Money.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are obtaining a mortgage with Virgin Money, ask your prospective lawyers if they are on the Virgin Money conveyancing panel otherwise they can't do the mortgage legal work.
I have today made my last payment due on my mortgage with Lloyds. I assume I don't need a Grassendale property lawyer on the Lloyds panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Lloyds 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 Lloyds mortgage from the register. Lloyds, 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 Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
Aldermore have agreed my home loan in principle, my bid on a property in Grassendale has been agreed to, now what?
The property agent will need to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Telephone Aldermore or your financial adviser and complete any appropriate paperwork. Aldermore will sellect a valuer who will get in contact with the selling agent or vendor to arrange an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Aldermore will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Grassendale.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who handled the conveyancing in Grassendale 5 years ago are no longer around. What do I do?
Nowadays there are copies made of almost everything, and your solicitor should be aware exactly where to find all the appropriate paperwork so you can buy or sell your house without a hitch. If copies can’t be found, your lawyer can put in place insurance or indemnities protecting you against future claims on your property.
About to purchase a new build flat in Grassendale. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Grassendale
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey done on a house in Grassendale before appointing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor has said that some banks will refuse to grant a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Grassendale. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Grassendale and I am already nervous. I couldn't find anything specific about Grassendale. Conveyancing will be needed in due course but do you know about the Grassendale area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Grassendale. In the meantime here are some basic statistics that we found