My partner and I have lately bought a property in Torpoint. We have since encountered a number of issues with the house which we consider were missed in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that needed to have been ordered as part of conveyancing in Torpoint?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Torpoint. Conveyancing searches and investigations undertaken as part of the buying process are carried out to help avoid problems. As part of the legal transfer of property, a seller completes a questionnaire known as a SPIF. answers is incorrect, you could possibly take legal action against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Torpoint.
My grandmother passed away six months ago and as sole heir and executor I was left the house in Torpoint. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to HSBC, pay off the mortgage. Is this possible?
If you intend to refinance then HSBC will insist on your using a conveyancer on the HSBC conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your HSBC conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the HSBC mortgage is registered as a charge at the Land Registry.
My bid for a property was accepted at auction in Torpoint. Conveyancing is necessary. What are my next steps?
Given that you are now legally committed yourself to purchase you will need to hire the services of a conveyancing solicitor quickly as you are facing a tight a drop dead date to complete the transaction. All auction property will have a bespoke legal pack. This will include evidence of title and search results. Where you are dealing with leasehold property the legal papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should pass this on to the solicitor working for you as soon as possible. Do make sure that that you have the requisite funding in order to complete the transaction on the set completion date.
I am purchasing a property in Torpoint. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Leeds Building Society be concerned?
As you are obtaining a mortgage with Leeds Building Society your lawyer must follow the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The CML Handbook contains minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Leeds Building Society where a lease does not meet these requirements. The specifications relate to the installation of panels on properties nationwide and is not isolated to Torpoint.
About to purchase flat in Torpoint. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Torpoint property lawyer is on the Barclays conveyancing panel.
I have justfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Torpoint for a purchase of a leasehold flat 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Torpoint conveyancing specialists.
What makes your site different to other internet conveyancing solicitors for conveyancing in Torpoint?
At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Torpoint. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in Torpoint
My partner and I are acquiring a garden flat in Torpoint. At the time of instructing our conveyancing practitioner, they assured us that they were on all mainstream bank panels. Our financial adviser contacted us today to advise that they don't seem to be on the Kent Reliance approved list. If it turns out to be true, what should we do? Should we just find a new lawyer that is on their approved list or do we pay for separate representation, with Kent Reliance selecting their own preferred conveyancing practitioner.
When buying a property with the benefit of a mortgage it is normal for the purchaser’s solicitors to also represent the mortgage company. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the property lawyer has to fulfill. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should call Kent Reliance to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on Kent Reliance's conveyancing panel and you may continue to use your own Torpoint solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.