I am getting a mortgage offer from Lloyds. My intention is to instruct a Licensed Conveyancer in Saxmundham. Does the Lloyds Solicitor panel allow for conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
What is the best way to find out if the solicitor conducting my conveyancing in Saxmundham is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Accord Mortgages Ltd thus paying £175.00 in another set of conveyancing invoice.
Feel free to take advantage of the search tool on this web page. Please choose the mortgage company and type ‘Saxmundham’ or your location and you will discover a number of lawyer located in Saxmundham or by proximity to you.
I bought my flat on 12 August and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Saxmundham said it will be concluded in less than a month. Are properties in Saxmundham particularly slow to register?
There is nothing unique when it comes to conveyancing in Saxmundham registration formalities. Rather than based on location, timeframes can differ according to the party submitting the application, whether there are errors and if the Land registry must send notices to any 3rd parties. At present approximately three quarters of such applications are fully addressed within two weeks but some can be subject to extensive hold-ups. Registration occurs after the new owner is living at the premises thus 'speed' is not always top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Saxmundham I like with open areas and transport links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Saxmundham in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I have been advised by two or three local estate agents in Saxmundham to locate a conveyancer using your seach tool. What’s the financial upside for Estate Agents to promote your lawyers ahead of another?
We don’t give any referral fee for directing people our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My folks are having problems in finding their Saxmundham land registry title on the website. They recall that 48 years ago when they acquired the bungalow there were complications with Saxmundham not being recognised in some systems.
The vast majority of premises in Saxmundham should appear. Have you limited your search with simply the postcode. Usually it should reveal all the premises inside that postcode. Where recorded it will show up with a title number. Where they bought 50 years ago it's conceivable it may be unregistered. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title documentation which may be with your parent’s mortgage company.