My wife and I are intent on acquiring a ground floor flat in Peak District. My lawyer is not on the lender approved list. Can I still use my Peak District conveyancing solicitor even though they are excluded from the mortgage company approved list?
Various options include
- Proceed with your preferred Peak District conveyancing practitioner but your bank will undoubtedly use a lawyer from their approved panel. This will result in additional fees together with potential interruption.
- Choose a fresh property lawyer to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your conveyancer to do everything possible to get listed on the bank’s panel of solicitors
We're in Peak District, First timers purchasing with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
four months have elapsed since my purchase conveyancing in Peak District completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 residence 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 am buying a new build flat in Peak District. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Peak District
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Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I opted to have a survey carried out on a property in Peak District ahead of instructing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks tend not give a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Peak District. Conveyancing will be smoother if you use a solicitor in Peak District especially if they are accustomed to such properties in Peak District.
My father has urged me to use his conveyancers in Peak District. Do I take his advice?
There are no two ways about it the best way to select a conveyancing practitioner is to have feedback from friends or family who have actually previously instructed the conveyancer you're contemplating using.