We are selling our flat in Catshill. Will my conveyancer need to be on the Coventry BS conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Coventry BS 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 conditions fairly frequently at the moment.

A relative advised me that in purchasing a property in Catshill there could be various restrictions preventing external alterations to a property. Is this right?

There are anumerous of properties in Catshill which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Catshill should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

Is it correct that all Catshill CQS (Conveyancing Quality Scheme) solicitors are on the Nationwide conveyancing panel?

A selection of banks and building societies now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.

Yorkshire BS have agreed my mortgage in principle, my bid on a house in Catshill has been accepted, now what?

Your estate agent will need to know who your solicitors are (ensure that the property lawyers are on the bank’s panel). Telephone Yorkshire BS or the financial adviser and complete any outstanding paperwork. Yorkshire BS will appoint a valuer who will get in contact with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Catshill.

How does conveyancing in Catshill differ for newly converted properties?

Most buyers of new build premises in Catshill contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Catshill typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Catshill or who has acted in the same development.

My husband and I are four weeks into a leasehold purchase having been referred to conveyancers by the local agent to do our conveyancing in Catshill. I am not happy. Can you help me find new lawyers?

They would have to be very poor to suggest diss instructing them. Has the mortgage been issued? If so you must make them aware of the new contact details and ensure the loan are re-sent. Your new solicitor ideally needs to be on the lenders approved list to avoid supplemental fees and delays. That should be your starting point. The search tool can help you find a lender approved lawyer for your conveyancing in Catshill

I have just appointed agents to market my 2 bed flat in Catshill. Conveyancing has not commenced, however I have just received a quarterly service charge demand – Do I pay up?

Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal as all ground rent and service invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Catshill Conveyancing for Leasehold Flats - Sample of Questions you should ask before buying

In the main the outlay for major works tend not to be included within maintenance charges, albeit that a few managing agents in Catshill obliged tenants to contribute towards a sinking fund and this is used to offset against major works. The best form of lease structure is if the freehold title is owned by the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and even though a managing agent is usually retained if the building is bigger than a house conversion, the managing agent retained by the leaseholders. What prohibitions are there in the Catshill Lease?