I am in the process of selling my apartment in Studley and the estate agent has just called to advise that the buyers are appointing a new conveyancer. The reason given is that the mortgage company will only work with solicitors on their approved list. Why would a big named mortgage company only work with certain lawyers rather the firm that they want to appoint for their conveyancing in Studley ?
Mortgage companies have always had an approved set of law firms that can act for them, but in the last few years big names such as Yorkshire Building Society, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for over 25 years.
Mortgage companies point to the increase in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.
We are a couple about to exchange contracts for a garden flat in Studley. We have hit a stumbling block. The loan offer with Nationwide Building Society expires on 27/5/2025 but the vendors are insisting on a completion date of 29/5/2025. Can one extend the mortgage expiry date?
The person best placed to address this question is your conveyancer who will assess whether he or she is should be discussing with the bank, owner’s solicitors, property agents or conceivably all parties based on the history of your transaction as of today.
It has been four months following my purchase conveyancing in Studley completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Studley. Conveyancing is daunting 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 legal work.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Studley
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I am selling my house. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Studley if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Studley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
In sourcing the world wide web for the phrase on line conveyancing in Studley it shows results of numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?
The ideal way of finding a suitable conveyancer is via personal testimonial, so ask friends and relatives who have acquired a property in Studley or the reputable estate agent or mortgage broker. Costs for conveyancing in Studley vary, so it's advisable to secure a minimum of three costs illustrations from varying types of property lawyers. Dont forget to clarify that the fees are fixed.