Do the Building Society Association intend to launch a search tool with a view to to identify practices on the Melton Mowbray Building Society conveyancing panel for example in Stockbridge?
We are not aware of any intention on the part of the BSA to develop such a register.
Have just purchased a repossessed house at auction in Stockbridge. Conveyancing is needed. What happens now?
Given that you are now exchanged you now have to appoint a conveyancing lawyer as a matter of priority as you now have a pending deadline in which to complete the property. All auction property should have an associated auction pack. This will likely include most,if not all of the paperwork that your lawyer will need. In the case of leasehold premises the legal papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are organised to complete on the on the contractual date .
Can you point me to a directory of Barclays panel conveyancers in Stockbridge on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings open the public online. Where you are in need of a Stockbridge solicitor on the Barclays please make the most of our facility.
is it true that all Stockbridge solicitor firms on the Santander conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Santander approved list of solicitors they would need to be regulated by the SRA. Some banks do list licenced conveyancers on their panel and in such a situation the practice would be governed by the Council of Licensed Conveyancers.
Should our lawyer be raising enquiries about flooding during the conveyancing in Stockbridge.
Flooding is a growing risk for lawyers dealing with homes in Stockbridge. Some people will purchase a property in Stockbridge, fully expectant that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a numerous searches that may be undertaken by the buyer or by their lawyers which will give them a better understanding of the risks in Stockbridge. The standard completed inquiry forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the seller to discover if the premises has ever been flooded. If the property has been flooded in past and is not revealed by the vendor, then a buyer may commence a legal claim for losses as a result of such an inaccurate answer. A buyer’s solicitors will also commission an enviro report. This should indicate if there is a recorded flood risk. If so, more detailed inquiries will need to be conducted.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Stockbridge is the location of the property. What do you suggest?
Flying freeholds in Stockbridge are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stockbridge you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stockbridge may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Given that I am about to spend £400,000 on a terraced house in Stockbridge I would like to have a conversation with the conveyancer regarding thehome move prior to appointing the firm. Is this something that you can arrange?
This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer who will be conducting your conveyancing in Stockbridge.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The practices that we put you in touch with believe that the figure you are provided with for your conveyancing in Stockbridge should be the amount on the final invoice that you end up paying.
I am short of a 10% deposit on my apartment purchase in Stockbridge , but I am anxious exchange. Do I have options?
You can agree a lower deposit. Most vendors will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute