It is a dozen years since I acquired my home in Redfield. Conveyancing lawyers have just been appointed on the sale but I can't locate the title deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a chance that the deeds will be with the mortgage company or they may be archived with the lawyers who handled your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Most conveyancing in Redfield involves registered property but in the unlikely event that your property is not registered it is more problematic but is not insurmountable.
In reading consumer advice sites for a conveyancing solicitor in Redfield, most say that I must instruct a CQS kitemarked lawyer. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a kitemark for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes through the scheme protocol It covers numerous partnerships who conduct conveyancing in Redfield.
We were going to get a OIP from UBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do UBS recommend any Redfield solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Redfield solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
It is unclear whether my bank requires a lease extension. I have called into my local Redfield building society branch on various occasions and was told it wasn't a problem and they would lend. My Redfield conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
Provided that the lawyer is on the bank approved list, she or he must follow the CML Handbook specifications for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Planning on purchasing a maisonette in Redfield. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Redfield conveyancing practitioner is on the Kent Reliance conveyancing panel.
I am using a search engine for the phrase cheap conveyancing in Redfield it reveals numerous property lawyerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for me?
The best way of finding the right conveyancer is through a trusted referral, so ask friends and family who have acquired a property in Redfield or the reputable estate agent or mortgage broker. Charges for conveyancing in Redfield differ, so it's advisable to secure at least four estimates from different conveyancers. Make sure that you clarify what costs in the quote includes.
I've found a house that seems to be perfect, at a reasonable price which is making it more attractive. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Redfield. Conveyancing advisers have not yet been instructed. Will they explain the issues?
Most houses in Redfield are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can assist with the conveyancing process. We note that you are buying in Redfield so you should seriously consider looking for a Redfield conveyancing practitioner and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’sconsent to carry out alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your lawyer should appraise you on the various issues.