I am buying a garden flat in Umberleigh. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Umberleigh you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Umberleigh.
Me and my brother purchased a semi-detached Georgian property in Umberleigh. Conveyancing lawyer acted for me and Britannia. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Umberleigh and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
I am looking for a ground for flat up to £245,000 and identified one close by in Umberleigh I like with amenity areas and station nearby, however it only has 52 remaining years left on the lease. I can't really find anything else in Umberleigh for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I'm refinancing my current house to a BTL mortgage with National Westminster Bank and intend to use the remaining equity towards a second property. The area we are looking at is Umberleigh. Will your lawyers be able to act for both sets of lenders and tie in the conveyances?
Do use our comparison tool on this page to check that the conveyancers are approved by both banks. Having checked that they are the conveyancer will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your desired outcome and needs.
Am I best advised to use a Umberleigh conveyancing solicitor based in the vicinity that I am buying? An old friend can carry out the legal work but his firm is located 200miles drive away.
The benefit of a high street Umberleigh conveyancing firm is that you can visit the firm to execute documents, deliver your identification documents and pester them if necessary. Having local Umberleigh know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and on the whole were content that must trump using an unfamiliar Umberleigh conveyancing lawyer solely due to them being local.
My mortgage broker has recommended their conveyancing practitioner for the conveyancing in Umberleigh - Is it not simpler advisable to just instruct them?
It is not always the case and you are entitled to instruct whichever conveyancing practitioner of your choosing for your Umberleigh home move. The property lawyer put forward by an estate agent may not necessarily be the best conveyancing practitioner, they may suggest their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancing practitioner and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.