Willretaining a Corby conveyancing firm make my purchase more efficient?
Generally conveyancing practitioners in your location will benefit from good connections with your local authority, which can assist with the Corby conveyancing searches that your solicitor will inevitably need. It can only be a plus if they enjoy strong relationships with the Local Land Registry Office your area Corby, other lawyers in the location and Corby Estate Agents.
Is it the case that all Corby conveyancing solicitors on the Lloyds conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Lloyds conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some banks do allow licenced conveyancers on their panel and in that case the practice would be regulated by the Council of Licensed Conveyancers.
We were going to get a AIP from Leeds Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Corby solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Corby solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
I have paid off my mortgage with RBS. I assume I don't need a Corby property lawyer on the RBS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS 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 RBS mortgage from the register. RBS, 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 RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
The estate agent has sent us the confirmation of our purchase of a new build flat in Corby. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Corby
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey done on a house in Corby in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Corby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Corby to see if the conveyancing costs will increase in light of this.
My parents are unable to locate their Corby land registry title on the site. They recall that fifty years ago when they purchased the bungalow there were complications with Corby not being identified on some systems.
The vast majority of premises in Corby should show up. Have you attempted a search to just the postcode. Normally it should disclose all the residences inside that postcode. Where registered it will show up with a title number. Where they bought back in the 60’s it's conceivable it may be not yet registered. The address might still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which could be with your parent’s lender.