Can you help? My Morley solicitor is informing me me that he is legally obliged toconduct Morley conveyancing searches due to the fact thatthe firm are on the Virgin Moneyconveyancing panel. Is my lawyer correct?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Morley conveyancing searches.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would much rather instruct a high street conveyancing solicitor in Morley?
You should check but the the probability is that give you one of their panel lawyers if you want the "fee-free" offer. Speak to the lender to see if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Morley.
Me and my partner are buying a flat in Morley. I might seem paranoid but how we can trust a conveyancer? At some point we have to deposit our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I'm the single beneficiary of my late mum's estate with all property in now in my sole name, including the house in Morley. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership may be regarded the same way as though I had purchased the house in December. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How practical a view banks take of it, depend on the mortgage company as this provision is principally there to pick up on subsales or the wholesaling and assigning of property.
I had a mortgage agreed in principle with Leeds Building Society. Morley conveyancing solicitors were chosen. How long does it take for Leeds Building Society to send the offer to the lawyer?
Some lenders take longer than others. Have Leeds Building Society completed the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Is it necessary to pay for insurance to cover chancel repairs when purchasing a property in Morley?
Unless a prior acquisition of the house completed after 12 October 2013 you could assume that lawyers delivering conveyancing in Morley to continue to recommend a chancel search and or chancel repair liability insurance.
I have justdiscovered that Wolstenholmes have closed. They carried out my conveyancing in Morley for a purchase of a freehold house 12 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Morley conveyancing specialists.
My husband and I are new to the buying process - had an offer accepted, but the estate agent advised that the owners will only issue a contract if we appoint their chosen conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor used to conveyancing in Morley
We suspect that the owner is unaware of this request. Should the seller want ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to go, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)but you are going to appoint your own,trusted Morley conveyancing firm - as opposed tothose that will give their estate agent a commission or hit his conveyancing thresholds pre-set by corporate headquarters.