Can you help? My Wheatley solicitor is informing me me that he has toconduct Wheatley conveyancing searches resulting from the fact thatthe firm are on the Lloydssolicitor panel. Is my solicitor right?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a mortgage company your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Wheatley conveyancing searches.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial estate in Wheatley?
Its becoming the norm that commercial conveyancing solicitors in Wheatley will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Wheatley. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Wheatley.
For each commercial conveyancing transaction in Wheatley it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Wheatley commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Wheatley.
It has been 4 months following my purchase conveyancing in Wheatley took place. I have checked the Land Registry website 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 property 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.
How does conveyancing in Wheatley differ for newly converted properties?
Most buyers of new build residence in Wheatley contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Wheatley typically buy 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 conveyancing solicitors 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 used to new build conveyancing in Wheatley or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Wheatley ahead of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders may refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wheatley. Conveyancing may be slightly more expensive based on your lender's requirements.
I have just had an offer accepted on an apartment in Wheatley and the estate agent that we are dealing with suggested his conveyancer. She quoted nine hundred pounds including VAT and 3rd party costs. Does this sound like a good deal?
Don't just go on 1 estimate. You should seek like-for-like quotes for your conveyancing in Wheatley. Then select one that you are comfortable with and crucially, is on the approved list of the bank that you have applied for a mortgage from.