I am expecting a offer of a home loan from Lloyds. I hope to enlist the help of a Licensed Conveyancer in Leicester. Does the Lloyds Solicitor panel include Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
The vendors of the home we are purchasing hired a conveyancing practitioner in Leicester who has recommended a exclusivity contract with a down payment 10k. Is it wise to enter into such agreements?
There are a couple of primary drawbacks with signing a lock out contract (occasionally known as a no-shop agreement) is that it can distract from progressing with the conveyancing work, so unless it requires limited or no negotiation then it could turn out to be a hindrance. It is not particularly popular amongst Leicester conveyancing practitioners for this reason. A supplemental negative is the extent of the remedies available - a jilted buyer is not likely to obtain an injunctive ruling by a court to stop the owner completing the sale to an alternative purchaser, so the only remedy available under the contract will be the recovery of wasted charges and, in restricted situations, the extra payment of damages.
As someone not used to conveyancing in Leicester what is the number one tip you can impart for the house moving process in Leicester
You may not hear this from too many lawyers but conveyancing in Leicester or throughout Leicestershire is an adversarial process. In other words, when it comes to conveyancing there exists plenty of opportunity for confrontation between you and others involved in the house moving process. For instance, the seller, property agent and sometimes your mortgage company. Choosing a solicitor for your conveyancing in Leicester is a critical decision as your conveyancer is your adviser, and is the ONLY party in the transaction whose interest is to look after your legal interests and to protect you.
There is a definite increase of a "blame" culture- someone has to be blamed for the process being so protracted. You should always trust your conveyancer above the other parties when it comes to the legal transfer of property.
I own a 4 bedroom Victorian house in Leicester. Conveyancing lawyer acted for me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read 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 locations in 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 the conveyancing practitioner who conducted the purchase.
How can the Landlord & Tenant Act 1954 affect my commercial property in Leicester and how can your lawyers assist?
The 1954 Act affords protection to business leaseholders, granting the a statutory right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Leicester
What is the reason for my conveyancer requiring a list of items of ID before I can commence with my conveyancing in Leicester?
Leicester conveyancers are required by the Law Society, Solicitors Regulation Authority, the Land Registry and current Money Laundering legislation to record that the have checked the identity of their clients. It will also be a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, national insurance number and date of birth.