Have just purchased a probate house at auction in Great Shelford. Conveyancing is necessary. What is next?
Now that you are exchanged you must retain a conveyancing solicitor soon as you now have a tight a fixed date to complete the conveyancing. An auction property will have a corresponding legal set of papers. This will likely include evidence of title and search results. If you have purchased leasehold premises the conveyancing pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to give this to the conveyancer instructed by you at the earliest opportunity. You also need to ensure that you have funds organised to complete the transaction on the set completion date.
When it comes to lenders such as Bank of Ireland, do Great Shelford conveyancing practitioners incur an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Lloyds have agreed my mortgage in principle, my offer on a property in Great Shelford has been accepted, what happens next?
The estate agent will need to be advised as to your solicitor's details (ensure that the solicitors are on the lender’s panel). Contact Lloyds or the financial adviser and finalise any outstanding paperwork. Lloyds will appoint a valuer who will get in contact with the selling agent or vendor to book a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. Lloyds will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Great Shelford.
I have recentlybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Great Shelford for a purchase of a leasehold apartment 10 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Great Shelford conveyancing specialists.
I am buying a new build apartment in Great Shelford. 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 legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Great Shelford
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I'm converting the mortgage on my primary property to a BTL mortgage with Bank of Ireland and intend to use the remaining equity as a down payment on a second property. The neighborhood we are interested in is Great Shelford. Will your conveyancers be able to act for both sets of lenders and link together the two deals?
Do use our comparison tool on this page to check that the solicitors are approved by both lenders. Assuming that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.
As co-executor for the estate of my aunt I am selling a residence in Newport but reside in Great Shelford. My conveyancer (approximately 260 miles awayrequires that I execute a stat dec prior to completion. Can you recommend a conveyancing practitioner in Great Shelford to attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are based in Great Shelford
Are Great Shelford conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing figures?
Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Great Shelford or beyond.