We're in Yate, First time buyers buying with a mortgage (lender is Lloyds , and our lawyer is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Yate differ for new build properties?
Most buyers of new build premises in Yate come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Yate usually acquire the land, 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 Yate or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Yate ahead of retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may not give a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yate. Conveyancing will be smoother if you use a solicitor in Yate especially if they regularly deal with such properties in Yate.
Are there any apps to help search for a Yate law firm on the Britannia conveyancing panel? I have wheels and am happy to travel upto 20miles to meet the conveyancer.
Feel free to make use of the tool on this page. Please choose the bank and your location and you will see a number of Yate conveyancing lawyers locally. We have listed some Yate conveyancing firms towards the end of this page and you can contact them to verify whether they are on the Britannia member panel
I am on look out for some leasehold conveyancing in Yate. Before diving in I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Yate - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Yate - Sample of Questions you should consider before Purchasing
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It is important to be aware whether changing the roof or some other major work is pending to be shared by the tenants and could well dramatically impact the level of the service fees or necessitate a one off payment. Make sure you discover if there is anything that is prohibited in the lease. For instance it is fairly common in Yate leases that pets are not allowed in certain buildings in Yate. If you like the propertyin Yate yet your dog is not allowed to live with you then you will be faced difficult decision. How much is the service charge and ground rent on the apartment?
I'm buying a flat in Yate. I have found my conveyancer's company on the CLC list, but I can't see my conveyancer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the practice must be listed by the regulator. Provided there is someone qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unqualified staff.