Me and my fiancee are purchasing our first home. The conveyancing practitioner has messagedto see if we want to purchase extra conveyancing searches. Unfortunately we in the dark as to what's needed for conveyancing in Ladywood
The extent of Ladywood conveyancing searches depends primarily on the premises, the location, the possibility of any of these risks, your familiarity of the region and risks, your general attitude to risk. What is important is that you adequately comprehend what information each search could provide. You may then decide if you consider that you need that search. Where you are unsure, ask the conveyancer to recommend.
I am selling my house in Ladywood. Will the property lawyer have to be on the Bank of Ireland conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
Is it the case that all Ladywood solicitor firms on the HSBC conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be governed by the SRA. Some banks do list licenced conveyancers on their panel in which case such organisation would be governed by the CLC.
Can I be sure that the Ladywood conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Ladywood getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your conveyancing.
I am expecting a DIP from Kent Reliance this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Ladywood solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ladywood solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
My wife and I purchased a terraced Georgian property in Ladywood. Conveyancing solicitor acted for me and Coventry Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You should 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 Ladywood and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing lawyer who conducted the work.
I am looking for a ground for flat up to £245,000 and found one close by in Ladywood I like with a park and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Ladywood in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am thinking of appointing a conveyancing lawyer in Ladywood for my home move. Is it possible to review a solicitor's record with the legal regulator?
Anyone may search for documented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA may monitor call for training purposes.