I am expecting a mortgage offer from Santander. I would like to enlist the help of a Licensed Conveyancer in Werrington. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We are buying our first house. The conveyancer has contact usto ask if we wish to take out additional conveyancing searches. We are really unsure what's needed for conveyancing in Werrington
The type of Werrington conveyancing searches should be triggered based primarily on the premises, the location, the likelihood of any of these risks, your knowledge of the area and risks, your overall appetite to risk. What matters is that you properly appreciate what information the searches could give you. Then you can make a decision if you consider that you need that information. Where you are uncertain, ask your lawyer to provide guidance.
I am the registered owner of a freehold property in Werrington but nevertheless pay rent, why is this and what is this?
It is rare for properties in Werrington and has limited impact for conveyancing in Werrington but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
How does conveyancing in Werrington differ for new build properties?
Most buyers of new build residence in Werrington come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Werrington tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Werrington or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Werrington is the location of the property. What do you suggest?
Flying freeholds in Werrington are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Werrington you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Werrington may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Are there any apps to help search for a Werrington solicitor on the The Mortgage Works conveyancing panel? I have wheels and am willing to travel upto 20miles to meet the solicitor.
You can use the facility on this website. Please choose the lender and your location and you will see a number of Werrington conveyancing lawyers located nearest you. We have listed some Werrington conveyancing firms at the bottom of this page and you can call them to check if they are on the The Mortgage Works member panel