Me and my fiance are purchasing a ground floor flat in Snowdonia. My lawyer is not on the mortgage company approved panel. Is it possible for me to retain my Snowdonia conveyancing solicitor even though they are excluded from the bank approved list?
One will need to instruct a conveyancer to complete the legal work required if you need a mortgage to purchase your home. They will carry out all the essential legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is in place. You could select a Snowdonia property lawyer of your choosing. However, if the lawyer selected is not a member of the mortgage company approved list supplemental costs will be levied as separate legal representation will be required by them. Lender panel applications may be submitted, so if your solicitor has not historically sought membership they should take the chance to apply.
Can the conveyancing solicitors that you recommend carry out right to buy conveyancing in Snowdonia?
We have identified a number of conveyancing experts carrying out right to buy conveyancing You should get in touch with the solicitors listed with a view to secure a costs calculation.
I purchased a freehold premises in Snowdonia but nevertheless pay rent, why is this and what is this?
It is rare for properties in Snowdonia and has limited impact for conveyancing in Snowdonia but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Last month we had a mortgage agreed in principle with RBS. Snowdonia conveyancing lawyers were appointed. How long does it take for RBS to send the offer to the property lawyer?
There is no definitive answer here. Have RBS completed the valuation? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My partner and I are at the point of viewing houses in Snowdonia and I am now considering a potential offer. Should I already have a conveyancer in place at this point? I will be getting a mortgage with Principality.
It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with Principality, make sure you remember to check that your lawyer is on the Principality conveyancing panel.
I have today made my last payment due on my mortgage with Aldermore. I assume I don't need a Snowdonia property lawyer on the Aldermore panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Aldermore 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 Aldermore mortgage from the register. Aldermore, 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 Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
Have completed on a a detached house in Snowdonia , What is the estimated time for the Land Registry to register my ownership? My Snowdonia conveyancing solicitor has been very slow, so I want to be sure that my ownership is registered.
There is nothing unique when it comes to conveyancing in Snowdonia registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether it is in order and whether the Land registry need to notify any third persons or bodies. At present approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be protracted delays. Registration is effected after the purchaser is living at the premises thus an expedited registration is not usually top priority yet where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
Due to the input of my in-laws I had a survey completed on a property in Snowdonia in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will not grant a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Snowdonia. Conveyancing may be slightly more expensive based on your lender's requirements.