I have just been advised by my IFA that my Wednesbury solicitor is not on the bank Conveyancing panel. What can I do to check?
You need to call your Wednesbury conveyancer. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
I am buying a right to buy a flat in Wednesbury. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Wednesbury 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 Wednesbury.
Is it the case that all Wednesbury solicitor firms on the TSB conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the TSB conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel and in that case the practice would be governed by the Council of Licensed Conveyancers.
We previously selected solicitors locally in Wednesbury on the RBS solicitor panel. They have just billed me a separate fee for the legal aspects of the RBS mortgage. Is this an additional conveyancing fee set by RBS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your solicitor may charge a fee for this. The charge is not set by RBS but by your Wednesbury property lawyer. Numerous firms on the RBS panel will quote ’dealing with mortgage’ fee and others do not.
How can we know in advance if a Wednesbury conveyancing solicitor on the Yorkshire BS panel is any good?
When it comes to conveyancing in Wednesbury obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer handling your transaction.
My wife and I are selling our house in Wednesbury and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the buyers used a national conveyancing outfit as opposed to a conveyancing solicitor in Wednesbury. Having lived in Wednesbury for many years we know of no issue. Do we get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wednesbury?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Wednesbury. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Wednesbury I like with a park and railway links nearby, however it only has 52 years on the lease. I can't really find anything else in Wednesbury suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.