My home in Brixworth is up for sale and I have a buyer. Will the lawyer have to be required to be on the Leeds Building Society conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
My wife and I have organised the release of further funds on our home loan from Lloyds as we want to carry out alterations to our property in Brixworth. Are we obliged to appoint a nearby Brixworth solicitor on the Lloyds conveyancing panel to handle the paperwork?
Lloyds don't usually appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds conveyancing panel.
Barclays have agreed my mortgage in principle, my bid on a house in Brixworth has been accepted, now what?
Your estate agent will wish to know who your solicitors are (make sure the solicitors are on the lender’s panel). Telephone Barclays or the broker and finish off any appropriate forms. Barclays will instruct a valuer who will get in touch with the estate agent or owners to book a slot for the valuation to happen. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Barclays will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Brixworth.
Our sealed bid on a house in Brixworth has been accepted, but there is a chain. The sellers have placed an offer on somewhere, but it’s not yet tied up, and are looking at other flats booked. I have chosen a high street conveyancing solicitor in Brixworth. What should be my next step? When do I get the mortgage application with TSB started?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is approx one thousand pounds, then survey, Brixworth conveyancing search costs, etc). The first course of action is to check that your lawyer is on the TSB approved list. As to the subsequent stages this very much dictated by the specifics of your transaction, motivation for the property and on the state of the market. In a rising market many buyers would apply for a home loan with TSB and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to press on with the conveyancing in Brixworth.
I have been told that property searches are the primary reason for hinderance in Brixworth house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Brixworth.
I have justdiscovered that Action Conveyancing have closed. They carried out my conveyancing in Brixworth for a purchase of a freehold house 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest way to see if the premises is registered to you, 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 Brixworth conveyancing specialists.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Brixworth is the location of the property. Can you offer any advice?
Flying freeholds in Brixworth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brixworth you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brixworth 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.