Me and my fiance are acquiring a flat in Old Woking. My lawyer is not on the mortgage company solicitor panel. Am I still permitted to appoint my Old Woking conveyancing solicitor notwithstanding that they are not on the mortgage company panel of approved conveyancing solicitors?
One must instruct a conveyancing practitioner to deal with the formalities if you need a loan to purchase your property. The conveyancing practitioner will conduct all the essential due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage paperwork is in place. You may appoint a Old Woking conveyancing practitioner of your choosing. Nevertheless, if the conveyancing practitioner selected is not a member of the bank conveyancing panel supplemental fees will arise as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so where your solicitor has not historically sought membership they should take the opportunity to apply.
My wife and I purchasing a victorian detached house in Old Woking. The intention is to carry out an extension to the side at the property.Will legal conveyancing on the property include checks to determine if these works were previously refused?
Your solicitor will check the registered title as conveyancing in Old Woking can occasionally reveal restrictions in the title documents which prevent categories of alterations or require the consent of another owner. Many additions require local authority planning consent and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Old Woking conveyancing practitioner on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
Intending to buy a apartment in Old Woking. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Lloyds conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Old Woking property lawyer is on the Lloyds conveyancing panel.
The deeds to our property are lost. The solicitors who handled the conveyancing in Old Woking 10 years ago are no longer around. What are my next steps?
Nowadays there are copies made of almost everything, and your conveyancer should be aware precisely where to locate all the relevant paperwork so you may buy or sell your house without any difficulty. Where copies are not available, your solicitor can put in place insurance or indemnities against possible claims on your property.
How does conveyancing in Old Woking differ for newly converted properties?
Most buyers of new build or newly converted property in Old Woking come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Old Woking usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Old Woking or who has acted in the same development.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Old Woking. I happened to chance upon a web site which looks to be the ideal offering If there is a chance to get all the legals done via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We are in the middle of purchasing a property in Old Woking. Conveyancing lawyer has called to say the title is "Leasehold". Will this likely adversely affect the marketability of the house?
Old Woking conveyancing does not in most situations involve leasehold houses. The crucial factor here is the remaining lease term and the ground rent. If it's 999 years with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the marketability significantly.
At the other extreme, if it's, say, Sixty years it is bound to have a material impact on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be stated in the lease provided to your lawyer.