Much to our surprise we have been notified by our estate agent that my Spital solicitor is not on the mortgage company Solicitor panel. How can I be certain if this is indeed the case?
Your first step should be to call your Spital lawyer directly. You lawyer should notify you of the situation. Where they are not on the panel they may be able to suggest a Spital conveyancing firm that is on the conveyancing panel for your mortgage company.
AssumingI were to buy a straightforward housein Spital mortgage fee and dispense with a survey and no local authority searches how much should I expect to have to pay for conveyancing in Spital?
The sole saving you would make on is the Spital conveyancing searches. Your property lawyer is required to do the vast majority of work - money laundering, liaising with the sellers conveyancing practitioner, stamp duty submission, register the property etc. A slight saving might be made by not needing to register a mortgage but it will not be meaningful.
As someone with no idea as to the Spital conveyancing process what is your top tip you can give me for the ownership transfer in Spital
Not many law firms or advisers will tell you this but conveyancing in Spital or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for conflict between you and other parties involved in the home moving process. For instance, the vendor, property agent and sometimes a mortgage company. Choosing a solicitor for your conveyancing in Spital should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose interest is to protect your best interests and to protect you.
Every so often a third party with a vested interest may try and sway you that it is in your interests to do things their way. For example, the property agent may claim to be assisting by suggesting your lawyer is wrong. Or your mortgage broker may try to convince you to do take action that is contrary to your lawyers advice. You should always trust your lawyer above all other parties in the home moving process.
I am buying a new build apartment in Spital. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Spital
-
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I have been advised by three or four local estate agents in Spital to choose a property lawyer on your site. What’s the financial upside for Estate Agents to promote your lawyers rather than a competitor’s?
We don’t offer any referral fee for sending work to this site. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Our estate agent has suggested using their solicitor for the conveyancing in Spital - won’t it be better to just use them?
This is not necessarily the case and you are free to instruct whichever conveyancer you prefer for your Spital conveyancing. A conveyancer suggested by a 3rd party adviser may not necessarily be the best property lawyer, they may recommend their own conveyancing firm who are based remotely. In this instance you may not have contact with your property lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain updates.