Two weeks ago we had a mortgage agreed in principle with Bank of Ireland. Millbank conveyancing practitioners have been chosen. How long does it take for Bank of Ireland to send the offer to the lawyer?
There is no definitive answer here. Have Bank of Ireland completed the valuation? Have you advised Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have decided to exercise my right to buy my property in Millbank off the council. I have a mortgage agreed with Principality. 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 Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
Having digested plenty of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Millbank solicitor - who is on the HSBC conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Millbank postcode. As you are getting a mortgage with HSBC, you could contact them to see if they have a list of approved surveyors in Millbank.
Is it necessary to take out insurance to cover chancel repairs when acquiring a property in Millbank?
Unless a previous purchase of the premises completed post 12 October 2013 you may expect solicitors handling conveyancing in Millbank to remain encouraging a chancel search and or insurance against a claim.
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. Millbank is where the house is located. What do you suggest?
Flying freeholds in Millbank are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Millbank you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Millbank 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 property.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Millbank?
At this site secure a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Millbank. Unlike many estate agents and many comparison sites we do not have kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the highest kickback, rather than the best value conveyancing in Millbank
My cousin has urged me to instruct his conveyancers in Millbank. Do I follow his guidance?
No doubt the best way to choose a conveyancing solicitor is to seek recommendations from friends or family who have previously instructed the solicitor you're contemplating using.
Being a leasehold owner I am liable for a maintenance contribution for my appartment in Millbank. As a result of personal circumstances I slipped into arrears with remittance. I negotiated a payment schedule but there is still approximately £3000 outstanding at the current time.
I now wish to sell and I am panicking this can hold me back if I have to settle the amount due in advance. Do I have to settle before - is this achievable?
The property lawyer conducting your Millbank sale should be able to negotiate with the management company, with a new to seeing if they would accept payment from sale proceeds. This is indicative of why it might be good to select a lawyer in Millbank as they are likely to have an established relationship with the parties.