Forgive me if this question is silly but I am new to the home buying as FTB of a garden flat in Beverley. Do I pick up the keys to the premises on completion from my conveyancer? If so, I will use a local conveyancing solicitor in Beverley?
On the day of completion you will not be required to attend the conveyancers office in Beverley. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's solicitors, and once they have received this, you should be called to collect the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to mortgage companies such as Leeds Building Society, do Beverley solicitors have to pay a yearly amount to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
The mortgage over my property is with Leeds Building Society for my property in Beverley. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Leeds Building Society?
Leeds Building Society must be informed of your intention prior to letting out your property as this is likely to be a breach of Leeds Building Society’s mortgage conditions. It may be that Leeds Building Society will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Leeds Building Society directly. You need not do this via a Leeds Building Society conveyancing panel solicitor.
I have recentlyfound out that Stirling Law have been shut down. They conducted my conveyancing in Beverley for a purchase of a leasehold flat 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Beverley conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Beverley is where the house is located. Is there any guidance you can impart?
Flying freeholds in Beverley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Beverley you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Beverley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Am I best advised to appoint a Beverley conveyancing practitioner in close proximity to the house I am hoping to buy? We have a good friend who can handle the conveyancing however they are based approximately 350miles drive away.
The primary upside of using a high street Beverley conveyancing practice is that you can pop in to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Beverley know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were content that should trump using an unfamiliar Beverley conveyancing lawyer just because they are local.
Why can't I complete my conveyancing in Beverley on Good Friday?
Because on completion the funds will be transferred electronically between the banks of the buyer and seller's conveyancing practitioner and currently this can only take place on a business day. It is not possible to complete on a saturday or sunday either.