I am buying a house without a mortgage in Prestwich. I have been residing for the last dozen years in Prestwich. Conveyancing searches are exorbitant. As I have knowledge of the area and road very well must I have all the conveyancing searches?
In the absence of a home loan, then all but one or two of the Prestwich conveyancing searches are at your discretion. Your lawyer will try and steer you, perhaps strongly, that you should have searches completed, but he has a professional duty to take that path of guidance. Do consider; if you are intend to sell the house at a future date, it could be of interest to your prospective buyer what the searches determine. Sometimes premises with apparent issues can still reveal detrimental search results. A competent conveyancing solicitor in Prestwich will be able to give you some practical advice here.
I had intended to instruct a conveyancing solicitor in Prestwich for our home move. Our broker informed us that our bank Santander won't deal with them. Why is this not regarded as unduly restrictive?
Mortgage Companies tend to restrict either the category or the number of conveyancing practices on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must not be a sole practitioner. In addition to restricting the profile of firm, a few banks have reduced the amount of solicitor practices they allow to represent them. Be aware that Santander have no responsibility for the quality of advice provided by any member of Santander Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of conveyancing panels since 2008 even though there are differing views regarding the level of solicitor engagement in some of that fraud. Figures from the Land Registry reveal that plenty of law firms, including some in or near Prestwich only execute one or two conveyances a year.
My bid for a property was accepted at auction in Prestwich. Conveyancing is required. What is next?
Having to all intents and purposes signed on the dotted line you must choose a conveyancing solicitor quickly as you are facing a pending a drop dead date to complete the conveyancing. An auction property should have an associated auction set of papers. This will likely include most,if not all of the paperwork that your lawyer will need. If you have purchased leasehold property the auction pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You should give this to the lawyer working for you ASAP. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
I have paid off my mortgage with Co-operative. I assume I don't need a Prestwich conveyancing practitioner on the Co-operative panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Co-operative 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 Co-operative mortgage from the register. Co-operative, 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 Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
After shopping around on the internet I have found a Prestwich solicitor having checked that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Prestwich postcode. As you are getting a mortgage with Virgin Money, you could contact them to see if they have a list of approved surveyors in Prestwich.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial site in Prestwich?
Many commercial conveyancing solicitors in Prestwich will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Prestwich. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Prestwich.
For each commercial conveyancing transaction in Prestwich it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Prestwich commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Prestwich.
How does conveyancing in Prestwich differ for newly converted properties?
Most buyers of new build property in Prestwich come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Prestwich typically purchase 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 conveyancing solicitors 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 Prestwich or who has acted in the same development.
I am looking for a conveyancing lawyer in Prestwich for my home move. Is it possible to see a solicitor's complaints history with the profession’s regulator?
You can find presented Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor call for training requirements.