I am getting a mortgage with Lloyds. I would like to use a Licensed Conveyancer in Ryde. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
At what point can the exchange of contracts occur in residential conveyancing in Ryde and do I need to be at the solicitors branch?
If you are local to our conveyancing solicitors in Ryde you are invited in to sign the paperwork. However, the law practices we work with offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when dealing with you digitally. The executing of the sale agreement is not the point of no return. A signed contract is just a prerequisite for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Ryde)to be in the office available at the end of the phone to exchange contracts.
What is the difference between a licensed conveyancer and conveyancing solicitor in Ryde
Two types of professional can carry out conveyancing in Ryde namely licenced conveyancers or solicitors. The two can provide the legal services that you need to complete the sale or purchase of property. Both are duty bound to perform Ryde conveyancing on similar standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that the requirements and steps will be appropriately taken.
We are getting the release of further monies on our home loan from Yorkshire BS as we wish to conduct improvements to our property in Ryde. Do we need to select a local Ryde solicitor on the Yorkshire BS conveyancing panel to handle the paperwork?
Yorkshire BS would not normally require a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS conveyancing panel.
I am purchasing a property in Ryde. An unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Virgin Money your lawyer must follow the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Virgin Money where a lease fails to meet these conditions. The provisions relate to the installation of panels on properties nationwide and is not isolated to Ryde.
Are there restrictive covenants that are commonly identified during conveyancing in Ryde?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ryde. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey done on a house in Ryde before appointing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks tend refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ryde. Conveyancing will be smoother if you use a solicitor in Ryde especially if they are familiar with such properties in Ryde.
In my capacity as executor for the estate of my father I am selling a residence in Swansea but I am based in Ryde. My solicitor (approximately 200 miles awayrequires that I sign a stat dec before completion. Can you recommend a conveyancing lawyer in Ryde to attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Ryde based