I plan on buying property in Leicestershire. My Conveyancer is not on the lender solicitor list. Is it possible for me to retain my Leicestershire conveyancing solicitor even though they are not on the bank approved list?
Various options include
- Carry on with your preferred Leicestershire conveyancing practitioner but your bank will no doubt appoint a conveyancer on their approved panel. This will result in additional fees and likely frustration.
- Get a fresh solicitor to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Appeal to your conveyancer to apply to join the lender panel
Completed the sale of my flat in Leicestershire last January but our buyer keeps calling daily to moan that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your disposal your lawyer should forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Where appropriate, your conveyancer should also confirm that the home loan has been redeemed to the buyers lawyers. There are no post completion steps specific conveyancing in Leicestershire.
We are buying a detached bungalow in Leicestershire. We would like to carry out an extension to the side at the house.Will the conveyancing process include checks to ascertain if these alterations are permitted?
Your solicitor should check the deeds as conveyancing in Leicestershire will on occasion reveal restrictions in the title documents which prevent certain works or need the permission of another owner. Certain works require local authority planning consent and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
I happen to be the only beneficiary of my late father’s estate with all property in now in my sole name, including the house in Leicestershire. The Leicestershire property was put into my name in December. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the house in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Some banks would take a practical view as this provision chiefly exists to identify the purchase and immediately sell or the flipping of properties.
I have decided to exercise my right to buy my property in Leicestershire off the council. I have a mortgage offer with RBS. 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 RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
Should my solicitor be raising questions concerning flooding during the conveyancing in Leicestershire.
Flooding is a growing risk for conveyancers conducting conveyancing in Leicestershire. Some people will purchase a house in Leicestershire, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, however there are a various searches that can be initiated by the buyer or on a buyer’s behalf which will figure out the risks in Leicestershire. The conventional set of property information forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to find out whether the premises has historically flooded. In the event that the property has been flooded in past and is not disclosed by the vendor, then a purchaser could commence a compensation claim stemming from an inaccurate response. A buyer’s solicitors will also carry out an enviro report. This should higlight if there is a recorded flood risk. If so, further inquiries will need to be conducted.
I have been recommended by a few property agents in Leicestershire to select a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to recommend your services over and above a competitor’s?
We refuse to make any financial incentive for directing people our way. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are FTB’s - agreed a price, but the agent has warned us that the vendor will only move forward if we appoint their chosen solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Leicestershire
We suspect that the owner is unaware of this demand. Should the vendor desire ‘a quick sale', turning down a genuine buyer is is going to put the whole deal at risk. Speak to the vendors direct and explain that (a)you are genuine buyers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you intend to appoint your preferred Leicestershire conveyancing solicitors - not the ones that will give the negotiator at the agency a referral fee or achieve conveyancing thresholds demanded by HQ.