I am purchasing a flat in Wolston. My lawyer is not on the lender solicitor list. Am I still permitted to continue with my Wolston conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?
You have a number of choices open to you here
- Proceed with your chosen Wolston solicitor but your mortgage company will undoubtedly instruct a lawyer from their approved panel. The net result is additional charges together with probable frustration.
- Choose a fresh property lawyer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your conveyancer to seek to join the lender panel
In the event thatI was to acquire a straightforward housein Wolston mortgage fee and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Wolston?
Any savings you would achieve would be limited to the Wolston conveyancing searches. A lawyer is obliged to do the vast majority of work - money laundering, liaising with your vendors conveyancing practitioner, SDLT submission, register the property etc. You might save a bit for them not having to register a charge however it won't be significant.
My wife and I have a renovated Georgian house in Wolston. Conveyancing lawyer acted for me and Birmingham Midshires. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read 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 Wolston and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I have been on the look out for a ground for flat up to £235,500 and found one close by in Wolston I like with open areas and railway links in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Wolston for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am looking into buying my first house which is in Wolston and I am already nervous. I couldn't find anything specific about Wolston. Conveyancing will be needed in due course but do you know about the Wolston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wolston. In the meantime here are some basic statistics that we found
Are you able to clarify what my options are where my Wolston conveyancing searches shows negative results?
Ordinarily, the majority of concerns exposed in Wolston conveyancing search responses can be addressed before completion or title insurance may be taken. You need to remember that regardless of the fact that you are buying the property and may be content to accept the search results, your lender may not, and when all said and done they have the final say.