My IFA has requested my Bishops Lydeard lawyer’ panel member for the Nat West conveyancing panel. How do I find this out. I have contacted my local Bishops Lydeard office but they cant find it on their system.
You are best placed to get this information from your Bishops Lydeard solicitor . They retain a central record lender panel numbers.
Should lawyers request money up-front for my conveyancing in Bishops Lydeard?
Where you are retaining lawyers for conveyancing in Bishops Lydeard your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the sale price then this should be required shortly ahead of contracts are exchanged. Any further balance that is due will be payable a few days prior to the day of completion.
My wife and I purchased a semi-detached Victorian house in Bishops Lydeard. Conveyancing solicitor represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for 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 Bishops Lydeard 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 mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the purchase.
I am looking for a flat up to £235,500 and identified one round the corner in Bishops Lydeard I like with open areas and station nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Bishops Lydeard suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
For various reasons I cannot attend my Bishops Lydeard conveyancing solicitors office to sign documents for conveyancing in Bishops Lydeard – will this be problematic?
Not a problem. Bishops Lydeard conveyancing lawyers can undertake conveyancing transactions for clients who are based anywhere. It is not necessary for you to be able to visit a Bishops Lydeard conveyancers office. Almost all property lawyer can handle all communications via post, email, telephone and fax.