My fiance and I are hoping to acquire a property in Keyworth and have appointed a Keyworth conveyancing practice. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through with a view to exchanging next week. Leeds Building Society have this evening contacted us to advise us that they have now hit a problem as our Keyworth conveyancer is not on their conveyancing panel. What do we do from here?
Where you are buying a property requiring a mortgage it is normal for the purchasers' solicitors to also act for the purchaser's lender. 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 solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Keyworth solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
All was ready to move into my new home in Keyworth next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These requirements are not unique to conveyancing in Keyworth.
I am due to move property in March. Should my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you put forward a removal company in Keyworth. Conveyancing firm was chosen prior to coming across this website.
On the day of completion you can collect the keys from your selling agent however this can only happen once the vendors lawyers advise the agent that they acknowledge receipt of the completion payment and the keys can be given over. Subsequently you can inform the removal company that they can start moving you in. As a matter of policy we do not suggest a specific removal company but can assist you in finding a residential property solicitor in Keyworth or a legal practice with expertise in conveyancing in Keyworth.
My wife and I buying a detached bungalow in Keyworth. The intention is to an extension at the rear at the house.Will legal work on the property include enquiries to see if these alterations are allowed?
Your solicitor will review the registered title as conveyancing in Keyworth can on occasion identify restrictions in the title deeds which restrict certain works or require the permission of another owner. Many works need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
Principality have agreed my home loan in principle, my offer on a apartment in Keyworth has been agreed to, now what?
The estate agent will want to be advised as to your property lawyer's details (ensure that the lawyers are on the lender’s panel). Call up Principality or the broker and finish off any relevant documentation. Principality will appoint a valuer who will get in contact with the estate agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Principality will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Keyworth.
What can a local search inform me about the property I am buying in Keyworth?
Keyworth conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for example Onsearch The local search plays a central part in many a Keyworth conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
My wife and I own a renovated Edwardian house in Keyworth. Conveyancing lawyer acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Keyworth and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who completed the work.
Are there any apps to assist me to search for a Keyworth solicitor on the Halifax conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the conveyancer.
Feel free to make use of the search on this website. Please choose the mortgage company and your location and you will see a number of Keyworth conveyancing lawyers located nearest you. We have listed some Keyworth conveyancing firms at the bottom of this page and you can telephone them to see if they are on the Halifax panel