I plan on buying property in Witney. My Conveyancer is not on the lender solicitor list. Is it possible for me to retain my Witney conveyancing solicitor even though they are excluded from the bank approved list?
Various options include
- Complete the purchase with your chosen Witney conveyancing practitioner but your mortgage company will need to appoint a conveyancer from their approved panel. This will result in additional charges together with likely interruption.
- Choose a new conveyancer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your conveyancer to apply to join the bank panel
My solicitor has uncovered a a legal deficiency with the lease for the property we are buying in Witney. The other side have suggested defective title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancer says that he must check that the bank is content with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
About to purchase a new build flat in Witney. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Witney
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There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I have been on the look out for a flat up to £245,000 and found one round the corner in Witney I like with amenity areas and transport links nearby, however it's only got 49 years on the lease. There is not much else in Witney for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to 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 consult your conveyancing solicitor concerning this matter.
How easy is it to change conveyancer as I have to appoint one who is on the The Royal Bank of Scotland conveyancing panel. I had appointed a high street conveyancing solicitor in Witney five minutes from me but she is not accepted by The Royal Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in Witney on the The Royal Bank of Scotland panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Witney. Using the find a conveyancing solicitor tool on this site, you can scrutinise fees for conveyancing solicitors in Witney and throughout England and Wales.
Do online conveyancing companies do everything a local Witney solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Witney?
If you instruct an online conveyancer they will undertake all the work your Witney solicitor will cover.