My wife and I are planning to buy a home in Burbage and Hinckley and are in fact using a Burbage and Hinckley conveyancing firm. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Coventry Building Society have this afternoon contacted us to advise us that they have now hit a problem as our Burbage and Hinckley conveyancer is not on their conveyancing panel. Is this a problem?
If you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Burbage and Hinckley solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
It is is a decade since I acquired my house in Burbage and Hinckley. Conveyancing lawyers have recently been appointed on the sale but I can't locate the title deeds. Will this cause complications?
You need not be too concerned. First the deeds may be kept by your lender or they may be in the possession of the conveyancers who handled your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Burbage and Hinckley relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
Just acquired a detached house in Burbage and Hinckley , What is the estimated time for the Land Registry to register my ownership? My Burbage and Hinckley conveyancing solicitor has been very slow, so I want to be certain that my name is registered.
There is nothing unique when it comes to conveyancing in Burbage and Hinckley registration formalities. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether there are errors and whether the Land registry communicate with any third parties. At present roughly three quarters of submission are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Historically registration is effected once the purchaser is living at the property thus post completion formalities is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
My step-father has recommend that I use his conveyancers in Burbage and Hinckley. Do I follow his recommendation?
Much as we are happy to recommend a Burbage and Hinckley conveyancing lawyer the ideal way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have actually used the solicitor you're contemplating using.
What are the common deficiencies that you witness in leases for Burbage and Hinckley properties?
There is nothing unique about leasehold conveyancing in Burbage and Hinckley. Most leases are drafted differently and drafting errors can result in certain clauses are not included. The following missing provisions could result in a defective lease:
A provision to repair to or maintain parts of the building
You could encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Bank of Scotland, and Bank of Ireland all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
Leasehold Conveyancing in Burbage and Hinckley - A selection of Questions you should ask Prior to Purchasing
Who are the managing agents? Is anyone aware of any major works in the planning that will likely increase the service costs?