I am expecting a AIP from Coventry BS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Coventry BS recommend any Holywell solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Holywell solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Holywell lawyer on the Coventry BS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS 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 Coventry BS mortgage from the register. Coventry BS, 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 Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
The formalities of my purchase has taken place for my property in Holywell. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
My wife and I are close to exchanging contracts on the sale of our home in Holywell and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Holywell conveyancer would know that there is no such problem. It does beg the question why the purchasers used a nationwide conveyancing firm as opposed to a conveyancing solicitor in Holywell. We have lived in Holywell for 4 years we know of no issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.
It sounds as though you may have a conveyancing firm 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 life insurance to cover that same illness)
I am looking into buying my first house which is in Holywell and I am already nervous. I couldn't find anything specific about Holywell. Conveyancing will be needed in due course but do you know about the Holywell area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Holywell. In the meantime here are some basic statistics that we found
My husband and I are novice buyers - agreed a price, yet the estate agent told us that the owners will only proceed if we use their chosen conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Holywell
It is highly unlikely the sellers are driving this. If they want ‘a quick sale', alienating a motivated purchaser is counter productive. Speak to the vendors direct and explain that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you will continue to use your own,trusted Holywell conveyancing lawyers - as opposed tothose that will provide their estate agent a referral fee or achieve conveyancing thresholds pre-set by head office.
I am hoping to complete next month on a studio apartment in Holywell. Conveyancing solicitors have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Holywell should include some of the following:
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The physical extent of the demise. This will be the property itself but may include a loft or storage are if relevant. Ground rent - how much and when you need to pay, and also know whether this will change in the future Are you allowed to have a pet in the flat? Whether your lease has a provision for a slush account for major repairs? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
I inherited a leasehold flat in Holywell, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Holywell with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease terminates on 21st October 2079
With just 53 years left to run the likely cost is going to be between £27,600 and £31,800 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
New build sellers have suggested I use a conveyancing practitioner and I've obtained a quote from them. It's nearly £250 cheaper than my local Holywell solicitor. What's the catch?
Builders normally have panels of conveyancing practitioners who are quick and who know the developer’s documentation and conveyancer. As many developers offer an inducement to choose their approved property lawyer for this reason, any increased cost can be avoided and a developer won't recommend a conveyancing warehouse and run the risk of having the transaction stall when they demand an exchange in 28 days. A counter-argument for not opting for the recommended property lawyer is that they may be reluctant to 'push' your interests at the risk of alienating the sellers. Where you have concerns that this may be the case you should keep with your local Holywell conveyancer.