We are purchasing a flat in Benllech. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have decided to exercise my right to buy my property in Benllech off the council. I have a mortgage offer with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
I can not fathom if my lender requires a lease extension. I have called my Benllech building society branch on numerous occasions and was informed it wasn't a problem and they would lend. My Benllech conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the solicitor is on the lender panel, they must comply with the CML Handbook provisions 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have a semi-detached Victorian property in Benllech. Conveyancing practitioner represented me and National Westminster Bank. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same address. Is it worth asking National Westminster Bank to clarify?
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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Benllech 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 purchasers. You can also question the situation with your conveyancing practitioner who completed the work.
How does conveyancing in Benllech differ for new build properties?
Most buyers of new build or newly converted property in Benllech approach us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Benllech tend to buy the real estate, 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 property lawyers 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 Benllech or who has acted in the same development.
I am looking into buying my first house which is in Benllech and I am already nervous. I couldn't find anything specific about Benllech. Conveyancing will be needed in due course but do you know about the Benllech area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Benllech. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing solicitor in Benllech for my home move. Is there any facility to review a solicitor's complaints history with the legal regulator?
One may review published Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator may recorded call for training purposes.