I require conveyancing for a flat in a relatively new development (6 years old) in Market Drayton. The vast majority the appartments have already been sold. Do I need carry out the conveyancing searches as part of conveyancing in Market Drayton?
A big part of the Market Drayton conveyancing process is the conveyancing searches. There are a large number of companies delivering Market Drayton conveyancing searches, as well straight from the local authority. These are usually referred to as personal search providers and they produce, not surprisingly, personal searches. Nevertheless, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authority.
My bank has recommended solicitors on their panel based in Market Drayton but I would rather choose a conveyancing lawyer in Market Drayton local to me. Can you help?
It is by no means the case that all Market Drayton conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Please make the most of our search tool to choose a Market Drayton conveyancing conveyancer on the on the lender panel.
I am currently in the process of buying my council flat in Market Drayton. I have a mortgage agreed with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I currently have a mortgage with HSBC for my property in Market Drayton. Conveyancing was finalised months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
HSBC must be informed of your intention in advance of renting your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. You need not do this via a HSBC conveyancing panel lawyer.
Completion of my purchase has taken place for my property in Market Drayton. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Just had an offer accepted on a new build apartment in Market Drayton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Market Drayton
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I was advised by numerous selling agents in Market Drayton to select a solicitor using your seach tool. What’s the financial incentive for Estate Agents to recommend your site over another?
We don’t make any financial incentive for sending work our way. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have today placed an offer on a leasehold flat in Market Drayton and the mortgage adviser that we are dealing with suggested his conveyancer. They quoted £800 including VAT and 3rd party costs. Does this sound steep?
You should not rely on one estimate. One should seek like-for-like quotes for your conveyancing in Market Drayton. Then choose one that you trust and crucially, is on the approved panel of the bank that you are sourcing your mortgage from.