We're in Stockwell, First timers purchasing with a mortgage (lender is Skipton , and our solicitor is on the Skipton conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Skipton conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Just acquired a semi-detached house in Stockwell , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Stockwell conveyancing solicitor has been painfully slow, so I want to be certain the registration is dealt with.
There is nothing unique about conveyancing in Stockwell registration formalities. As opposed to being determined by geographic area, timescales can vary according to the party submitting the application, whether there are errors and if the Land registry need to notify any other persons or bodies. At present in the region of 80% of submission are fully addressed within 12 days but occasionally there can be longer delays. Historically registration is effected after the purchaser is living at the property thus an expedited registration is not always an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for the application to be prioritised.
About to purchase a new build apartment in Stockwell. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Stockwell
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I decided to have a survey completed on a property in Stockwell before retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some banks tend not grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. If you call us we can investigate further 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 Stockwell. Conveyancing will be smoother if you use a solicitor in Stockwell especially if they regularly deal with such properties in Stockwell.
How easy is it to use your search app to get a costs illustration from a conveyancing solicitor in Stockwell on the panel for my lender?
1st pick a lender such as Santander, Chelsea Building Society or Platform Home Loans Ltd then type in your preferred area for instance Stockwell. Conveyancing organisations in Stockwell and further afield will then be identified.
My solicitors in Stockwell have advised me that no longer have my conveyancing file. At the time of my purchase I took out a mortgage with the mortgage company. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a number of years?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the bank directly.