I am buying a house without a mortgage in Looe. I have been residing for the last 20 years in Looe. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then the vast majority of the Looe conveyancing searches are optional. Your lawyer will ’encourage you, no-doubt strongly, that you should have searches completed, but he has a professional duty to take that path of encouragement . One thing to bear in mind; if you are intend to dispose of the house one day, it could be of relevance to your future purchaser what the searches determine. There are plenty of instances where properties with functional issues can still show up unpredicted search results. A competent conveyancing solicitor in Looe will be able to give you some helpful guidance concerning this.
I am considering applying for a Leeds Building Society mortgage for purchase of a newly converted (under development) in Looe with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Leeds Building Society ?
In theory, you could use a solicitor that is not on the Leeds Building Society conveyancing panel, but Leeds Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We were going to get a OIP from Clydesdale this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Clydesdale recommend any Looe solicitors on the Clydesdale conveyancing panel, or is it better to go independently?
You will need to appoint Looe solicitors independently although you'll need to choose one on the Clydesdale conveyancing panel. The solicitor represents both you and Clydesdale through the process.
I recently had an offer agreed on an apartment in Looe. My financial adviser recommended their conveyancers. I paid an upfront payment of £150. A couple of days later, the solicitor called me embarrassingly acknowledging that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I was told four weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Looe is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial estate in Looe?
Many commercial conveyancing solicitors in Looe will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Looe. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Looe.
For each commercial conveyancing transaction in Looe it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Looe commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Looe.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Looe is where the house is located. Can you offer any guidance?
Flying freeholds in Looe are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Looe you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Looe may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My business partner and I are hoping to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering no-sale-no charges for commercial conveyancing in Looe for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Looe, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. Regarding the charges these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or telephone us so that we can furnish you with a detailed commercial conveyancing calculation.