As a first time buyer what is the most important number one tip you can give me regarding purchase conveyancing in Leyburn?
Not many law firms or advisers will tell you this but conveyancing in Leyburn and elsewhere in North Yorkshire is an adversarial experience. Put another way, when it comes to conveyancing there is lots of room for conflict between you and other parties involved in the transaction. For example, the vendor, estate agent and sometimes the mortgage company. Choosing a solicitor for your conveyancing in Leyburn an important selection as your conveyancer is your adviser, and is the ONLY person in the transaction whose responsibility is to look after your legal interests and to protect you.
Every so often a third party with a vested interest will attempt to convince you that it is in your interests to do things their way. For example, the estate agent may claim to be assisting by claiming that your solicitor is slow. Or your financial adviser may advise you to do something that is against your lawyers guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Leyburn. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 2/8/2025, the requirements read as follows :
My wife and I are buying a house in Leyburn. It might be a silly question but how we can trust a solicitor? At some point we have to deposit funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am new to the house moving as a 1st time purchaser of a garden flat in Leyburn. Do I receive the keys to the property on the completion date from my conveyancer? If so, I will find a High Street conveyancing solicitor in Leyburn?
On the day of completion you will not be required to attend the conveyancers office in Leyburn. Your solicitors will arrange to send the purchase money to the owner’s lawyers, and shortly after the monies have arrived, you should be called to receive the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
I have paid off my mortgage with Nottingham. I assume I don't need a Leyburn property lawyer on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham 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 Nottingham mortgage from the register. Nottingham, 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 Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I'm purchasing a new build house in Leyburn with the aid of help to buy. The sellers refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent told me not inform my solicitor about this side-deal as it would affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What makes your site different to alternative internet conveyancing solicitors when it comes to conveyancing in Leyburn?
At this site get a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Leyburn. As opposed to estate agents and brokerage sites we do not have referral deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the highest per referral, not the best value conveyancing in Leyburn
My partner and I are buying a 2 bedroom flat in Leyburn. At the point of instructing our lawyer, they said that they were on all mainstream bank panels. The financial adviser contacted us just now to say that they don't seem to be on the Yorkshire BS approved list. If it turns out to be true, what should we do? Should we just pick a new solicitor that is on their panel or should we cover the costs for separate representation, with Yorkshire BS selecting their own preferred property lawyer.
If you are purchasing a property needing a mortgage it is normal for the purchaser’s solicitors to also act for the mortgage company. In order to act for a bank or building society a lawyer has to be on that lender's list of approved lawyers. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to satisfy. Some mortgage companies now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should contact Yorkshire BS to find out 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 don't have to instruct a firm on Yorkshire BS's conveyancing panel and you may continue to use your own Leyburn solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.