My husband and I are looking to buy a property in Oldland and have appointed a Oldland conveyancing firm. Within the past 48 hours our solicitor has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Clydesdale have this evening contacted us to advise us that they have now hit a problem as our Oldland lawyer is not on their approved list of lawyers. Is this a problem?
Where you are buying a property needing a mortgage it is usual for the purchasers' lawyers to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Oldland lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
It has been five months since my purchase conveyancing in Oldland concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 property 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.
The estate agent has sent us the confirmation of our purchase of a new build flat in Oldland. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Oldland
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There must be mutual enforceability of lessee’s covenants. 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. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Oldland is where the house is located. Can you shed any light on this issue?
Flying freeholds in Oldland are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Oldland you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oldland 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.
We're FTB’s - had an offer accepted, yet the agent has warned us that the seller will only move forward if we use the agent's preferred conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a family solicitor used to conveyancing in Oldland
It is highly unlikely the vendors are behind this. If they want ‘a quick sale', alienating a genuine buyer is counter productive. Contact the sellers directly and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Oldland conveyancing solicitors - as opposed tothose that will give the negotiator at the agency a commission or achieve conveyancing figures set by senior management.
At long last a mortgage agreement from a mortgage company for the remortgage of my 3 bedroom flat is expected by the end of next week. Are you able to suggest an efficient remortgage conveyancing solicitor in Oldland ?
You have come to the wrong place to search for the cheapest conveyancing solicitors in Oldland. Our aim is to provide excellent value conveyancing but we do not aim to work with the cheapest lawyers. Do not be fooled by brokers offering £99 conveyancing in Oldland.In your best case scenario, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in extras and still not get the service required.