We note that you have a post code search directory listing law firms on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Lichfield?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Lichfield.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Lichfield. Do I pick up the keys to the house on completion from my conveyancer? If so, I will instruct a local conveyancing solicitor in Lichfield?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's lawyers, and once they have received this, you will be invited to collect the keys from the Estate Agents and start moving into the property. This tends to happen between 1 and 3pm.
Last month we had a mortgage agreed in principle with Santander. Lichfield conveyancing practitioners were appointed. What is the average time that one could expect to receive a mortgage offer from Santander?
There is no definitive answer here. Have Santander done the valuation? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I was told three weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Lichfield is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will our conveyancer be raising questions concerning flooding as part of the conveyancing in Lichfield.
Flooding is a growing risk for conveyancers specialising in conveyancing in Lichfield. Some people will purchase a house in Lichfield, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, but there are a number of searches that can be initiated by the buyer or by their solicitors which should give them a better understanding of the risks in Lichfield. The conventional set of completed inquiry forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a standard question of the owner to find out whether the premises has historically flooded. If flooding has previously occurred and is not notified by the owner, then a purchaser could bring a legal claim for losses stemming from an incorrect response. The purchaser’s solicitors should also carry out an enviro report. This should higlight whether there is any known flood risk. If so, more detailed investigations should be made.
How does conveyancing in Lichfield differ for new build properties?
Most buyers of new build residence in Lichfield approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because developers in Lichfield usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Lichfield or who has acted in the same development.
I am looking for a ground for flat up to £195,000 and found one near me in Lichfield I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Lichfield in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
Are there any apps to assist me to locate a Lichfield solicitor on the The Mortgage Works conveyancing panel? I have a car and am happy to travel upto 25miles to meet the lawyer.
Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Lichfield conveyancing lawyers located nearest you. We have detailed some Lichfield conveyancing firms at the bottom of this page and you can contact them to see whether they are on the The Mortgage Works approved list