My wife and I are due to exchange on the purchase of a property in Marazion but as a consequence of damage from a small fire at the property I have was able negotiate reparation from the seller of three thousand pounds by way of a reduction in the price. This was going to be addressed as part of the conveyancing process but Leeds Building Society are not allowing this. Should they have been approached?
The lawyer being on a Leeds Building Society approved list is required to inform Leeds Building Society of any amendments to the sale price. If you prohibit your conveyancing practitioner to report the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancing practitioner for your conveyancing in Marazion.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Marazion. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then TSB will insist on your using a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Marazion is where the house is located. Is there any advice you can impart?
Flying freeholds in Marazion are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Marazion you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marazion may ascertain 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 premises.
Given that I am about to part with hundreds of thousands of pounds on a two bedroom apartment in Marazion I wish to talk to a lawyer about mytransaction ahead of appointing the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be carrying out your conveyancing in Marazion.There is no ‘factory style conveyancing’ - every client is an important person, not a file number. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Marazion should be the figure that you are charged.
We are one month into a leasehold purchase having been directed to solicitors by the local agent to handle our conveyancing in Marazion. I am am extremely dissatisfied with the level of service. Could you you assist me in finding new solicitors?
They would need to be very bad in order to consider changing them. Has the loan offer been issued? If so you will need to advise them of the new contact details and have the offer are re-issued. The solicitor ideally should be on the banks panel to avoid escalating expenses and frustration. That should be your first question of the new lawyers. The search tool should assist you in finding a lender approved conveyancer for your conveyancing in Marazion
My wife and I have selected a Marazion conveyancing solicitor for our home move (novice purchasers) and have picked up in the engagement letter that they are not governed by the Financial Conduct Authority. Am I right to be worried or is that standard with conveyancer?
We can't see why they should be. Most conveyancer don't lend money. They should be governed by the Solicitors Regulation Authority, who dictate stringent conditions covering funds held on client account.