I have today made my last payment due on my mortgage with Co-operative. I assume I don't need a Callington property lawyer on the Co-operative panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Callington. I have a mortgage offer with RBS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
About to purchase flat in Callington. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Callington lawyer is on the TSB conveyancing panel.
I have been told that property searches are the number one cause of stalling in Callington house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Callington.
I am looking for a flat up to £195,000 and found one near me in Callington I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in Callington suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
As co-executor for the estate of my father I am selling a house in Monmouth but live in Callington. My solicitor (based 300 miles from merequires that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Callington to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are based in Callington
We have AIP from Barclays Direct who said that they will lend up to £117k. When do I need to appoint a lawyer for conveyancing? Callington is where we plan to move to.
It would be wise to appoint a solicitor now so that the property lawyer can open the file so they can conduct their ID checks etc. Once you wish them to start work they will seek a deposit usually about £225. That would generally be once you have the loan offer from the bank and survey report, however should you wish to expedite the process you can start sooner even though you may be risking some money.