I am getting a mortgage offer from Nat West. I hope to retain the legal services of a Licensed Conveyancer in Northamptonshire. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Please could you vouch for a Yorkshire Building Society allowed Northamptonshire conveyancing practice who can have us moved in within two weeks? Would it be better to use a local Northamptonshire solicitor or an online comparison site?
We can recommend some very good Northamptonshire conveyancing firms. Another option is to visit the main road in Northamptonshire. Approach two or three law practices and ask to speak with a conveyancing solicitor for a costs illustration. Mention your deadline together with the reasons and ask for an assurance on speed. Appoint the lawyer that appears most efficient.
When can the exchange of contracts occur in residential conveyancing in Northamptonshire and do I need to attend the solicitors office?
If you are local to one of the conveyancing solicitors in Northamptonshire you are welcome to come in to sign the paperwork. That being said, the firms we work with supply a countrywide conveyancing service and give as equally detailed and professional a job for you when communicating with you electronically. The executing of the contract is not the point of no return. A signed contract simply enables the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Northamptonshire)to be in the office at the appropriate time.
five months have elapsed since my purchase conveyancing in Northamptonshire took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Northamptonshire is the location of the property. What do you suggest?
Flying freeholds in Northamptonshire are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Northamptonshire you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Northamptonshire 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.
I am attracted to a two flats in Northamptonshire both have in the region of fifty years remaining on the leases. Will this present a problem?
There are plenty of short leases in Northamptonshire. The lease is a right to use the property for a period of time. As a lease shortens the value of the lease deteriorates and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this field.
Leasehold Conveyancing in Northamptonshire - Sample of Questions you should consider before Purchasing
-
It is important to be aware whether fixing the lift or some other major work is pending to be shared between the leasehold owners and will materially impact the level of the maintenance costs or require a one time payment. It would be prudent to enquire if the the lease contains any onerous restrictions in the lease. For example it is reasonably common in Northamptonshire leases that pets are not permitted in certain buildings in Northamptonshire. If you love the flatin Northamptonshire but your dog can’t live with you then you have a very hard decision.