Can conveyancing in Ivybridge to be completed in under 3 weeks?
Where you are under time constraints to sign contracts it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local relationships and intelligence. It is possible that they could have conducted previoushomes in the same neighbourhood. Therefore consider using a Ivybridge conveyancing solicitor. Second, check that the conveyancing firm is on the lender panel. It is believed that 18% of Ivybridge conveyancing deals are delayed or jeopardised after finding out that a purchaser’s solicitor was not on their mortgage lender’s member panel. In many cases this discovery resulted in the legal process being held up by an average of three weeks. It is claimed that this issue impacts approximately one hundred thousand home moves annually. Many Ivybridge conveyancing practices can not represent certain lenders so do check at the outset.
I have paid off my mortgage with Co-operative. I assume I don't need a Ivybridge lawyer on the Co-operative panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Co-operative 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 Co-operative mortgage from the register. Co-operative, 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 Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Ivybridge. I have a mortgage agreed with Nottingham. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
I recently had an offer agreed on a house in Ivybridge. My mortgage broker recommended their conveyancers. I paid an upfront payment of £200. Soon after, the lawyer called me embarrassingly acknowledging that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Me and my brother purchased a 4 bedroom Edwardian house in Ivybridge. Conveyancing solicitor acted for me and Alliance & Leicester . I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to review 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 Ivybridge and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing solicitor who carried out the work.
I am looking for a ground for flat up to £195,000 and identified one close by in Ivybridge I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Ivybridge suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I'm converting the mortgage on my existing property to a buy to let mortgage with Coventry Building Society and I will use the ballance of the raised equity as a down payment on another house. The neighborhood we are looking at is Ivybridge. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Make use of our comparison tool on this page to be sure that the solicitors are on the relevant lender panels. Having checked that they are your solicitor should be able to simultaneously deal with the two transactions but you should talk with you solicitor and make clear your expectations and requirements.
We are in the midst of a leasehold sale of a flat in Ivybridge. Conveyancing lawyers are doing their job but we are being charged a fortune by the landlord. To date we have forked out £250 for a leasehold management information and then another £200 plus VAT for responses to queries raised by the buyers property lawyer.
Neither you or your lawyer will have any say over the level of the charges for this information but the average fee for the information for Ivybridge leasehold property is £355. When it comes to Ivybridge conveyancing transactions it is conventional for the seller to cover the costs. The freeholder or their agents are under no statutory obligation to answer such questions most will agree to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no law that mandates fixed fees for administrative tasks. Nor is there any prescriptive time frame by which they are obliged to issue the information.