My wife and I are intent on purchasing residence in Leicester. My Solicitor is not listed on the lender solicitor list. Am I still permitted to retain my Leicester conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
One must have a lawyer to deal with the formalities if you take out a loan to purchase your property. The conveyancer will carry out all the necessary due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is dealt with. One could appoint a Leicester lawyer of your choice. Nevertheless, where the lawyer selected is not on the lender approved list further fees will arise as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so if your lawyer has not in the past sought membership they should take the opportunity to apply.
Do the conveyancing solicitors via your comparison service execute attended exchange conveyancing in Leicester?
We do have a number of conveyancing specialists carrying out personalised exchanges. Do e-mail us to secure a fee calculation and details as to availability.
My uncle pointed out to me me that in buying a property in Leicester there could be a number of restrictions limiting what one can do in terms of external alterations to a property. Is this right?
We are aware of anumerous of properties in Leicester which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Leicester should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I happen to be the sole recipient of my late father’s estate and I have everything in my name now, including the house in Leicester. Conveyancing formalities meant that the Land Registry date was in April. I want to move. I do know about the CML 6 month 'rule', which means that my proprietorship may be treated the same way as though I had purchased the property in April. Do I have to wait 6 months to sell?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. How practical a view lenders take of it, depend on the mortgage company as this provision is principally there to identify the purchase and immediately sell or the quick reselling of properties.
I have paid off my mortgage with Skipton. I assume I don't need a Leicester solicitor on the Skipton panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Skipton 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 Skipton mortgage from the register. Skipton, 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 Skipton has sent the Land Registry the discharge electronically, and
- Skipton has instructed the Land Registry to do so
A colleague suggested that where I am purchasing in Leicester I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Leicester conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Leicester around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Leicester Education with maps and statistics, Local Amenities and other useful data regarding Leicester.
My wife and I have a 4 bedroom Georgian house in Leicester. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Leicester 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 enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
I opted to have a survey completed on a house in Leicester prior to appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to grant a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Leicester. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Leicester to see if the conveyancing will be more expensive.