Can the conveyancing lawyers identified via your search tool perform conveyancing in Radcliffe by way of an attended exchange?
There are a few conveyancing specialists carrying out one day exchanges. Please call us to receive a conveyancing quote and details as to dates.
A colleague informed me that in buying a property in Radcliffe there may be various restrictions prohibiting external alterations to a property. Is this right?
There are anumerous of properties in Radcliffe which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Radcliffe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The formalities of my purchase has taken place for my property in Radcliffe. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Radcliffe bank branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Radcliffe conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
The property lawyer has to follow the Council of Mortgage Lenders’ Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Just bought a semi-detached house in Radcliffe , how long will it take for the Land Registry to record my ownership? My Radcliffe conveyancing solicitor has been painfully slow, so I want to check the registration is addressed.
There is nothing unique when it comes to conveyancing in Radcliffe registration formalities. As opposed to being determined by geographic area, timescales can differ depending on the party submitting the application, whether there are errors and if the Land registry communicate with any third parties. At present approximately three quarters of submission are fully addressed within 12 days but occasionally there can be protracted hold-ups. Historically registration occurs after the new owner is living at the premises so an expedited registration is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
I am looking for a leasehold apartment up to £235,500 and found one close by in Radcliffe I like with open areas and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Radcliffe for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan that many years will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I'm converting the mortgage on my existing home to a buy to let mortgage with Norwich and Peterborough Building Society and I will use the ballance of the raised equity as a deposit on a second property. The neighborhood we are talking about is Radcliffe. Will your solicitors be able to act for both sets of banks and tie in the two deals?
Do use our search tool on this page to check that the conveyancers are approved by both mortgage companies. Having checked that they are the conveyancer will be able to tie up the two deals but you should have a chat with you solicitor and communicate your desired outcome and needs.
My step-son is just in the process of moving home, he had his mortgage in principle. After the offer was accepted on apartment we telephoned the mortgage company to issue the formal offer. I was shocked to discover that banks do not accept all property lawyer, they have to be on a list, is this correct?
Mortgage Companies tend to imposes restrictions either the type or the number of conveyancing firms on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Radcliffe lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.