Will conveyancers request money up-front when it comes to conveyancing in Wotton under Edge?
If you are buying a property in Wotton under Edge your solicitor will ask you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the total price then this should be needed shortly in advance of exchange of contracts. Any further balance that is needed should be sent to your lawyer a few days prior to the completion date.
My aunt passed away six months ago and as sole heir and executor I was left the house in Wotton under Edge. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this allowed?
Given you intend to re-mortgage then Nottingham will require that you use a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
About to purchase a new build apartment in Wotton under Edge. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Wotton under Edge
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I opted to have a survey completed on a property in Wotton under Edge prior to instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some banks may not grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wotton under Edge. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are a fortnight into a leasehold purchase having been recommend to solicitors by the selling agent to perform conveyancing in Wotton under Edge. I am not happy. Could you help me find new lawyers?
A solicitor would need to be very bad in order to consider replacing them. Has your mortgage been generated? If so you will need to make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. Your new solicitor ideally should be on the banks panel to avoid added costs and complications. So that should be your first question of the new lawyers. Our search tool should assist you in finding a lender approved solicitor for your home move in Wotton under Edge
My wife and I are purchasing a 2 bedroom flat in Wotton under Edge. When we first instructed solicitor, they said that they were on all major UK lender panels. The mortgage broker emailed just now to advise that they are not on the Clydesdale approved list. Should that be true, what should we do? Should we simply pick a different property lawyer that is on their approved list or do we cover the costs for separate representation, with Clydesdale appointing their own approved conveyancing practitioner.
When purchasing a property with the benefit of a mortgage it is normal for the buyer’s solicitors to also act for the mortgage company. In order to act for a bank or building society a solicitor has to be on that lender's list of approved lawyers. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the property lawyer has to satisfy. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should call Clydesdale to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Clydesdale's conveyancing panel as you are at liberty to use your preferred Wotton under Edge lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another solicitor into the mix.