Me and my wife are purchasing property in Maghull. My Conveyancer has never been on on the mortgage company approved list. Am I still permitted to retain my Maghull conveyancing solicitor notwithstanding that they are not on the mortgage company panel of approved conveyancing solicitors?
One will need to appoint a conveyancer to deal with the formalities if you need a loan to buy your home. They will carry out all the relevant investigations on the property, make sure that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is in order. You could select a Maghull conveyancer of your choosing. Nevertheless, if the conveyancer selected is not on the lender solicitor panel additional costs will be levied as separate legal representation will be need by the mortgage company. Bank panel applications may be submitted, so provided your lawyer has not previously applied for membership they should take the opportunity to apply.
Finally the sale completed on my house in Maghull last June yet the purchaser is telephoning daily complaining that their conveyancer is waiting to hear from myconveyancer. What should my lawyer have done following completion?
Post completion of your sale your lawyer should forward the transfer documentation and all of the paperwork to the purchaser's solicitors. If applicable, your solicitor should also evidence that the home loan has been discharged to the buyers lawyers. There are no post completion tasks just for conveyancing in Maghull.
Are there restrictive covenants that are commonly picked up during conveyancing in Maghull?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Maghull. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £195,000 and identified one round the corner in Maghull I like with a park and railway links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Maghull suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I was pointed in your direction by three or four local property agents in Maghull to locate a conveyancer using your seach tool. What’s the financial advantage for Estate Agents to offer your services over alternative conveyancing organisations?
We don’t offer any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am planning to acquire a property and require a conveyancing solicitor in Maghull who is on the lender solicitor panel. Could you point me in the right direction as regards a Maghull solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who carry out conveyancing in Maghull. We dont recommend any particular conveyancing practice.