It has come to my attention via my lender that my Corfe Castle property lawyer is not on the mortgage company Solicitor panel. What can I do to check?
The first thing you need to do is to contact your Corfe Castle lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Is there a reason why leasehold purchase conveyancing in Corfe Castle costs more?
The conveyancing charges on a leasehold premises in Corfe Castle is inevitably greater when contrasted to a freehold transaction. This is due to the additional time required in liaising with the freeholder and management company to obtain evidence about whether the rent and maintenance charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
I am buying a semi-detached house in Corfe Castle. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Corfe Castle you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Corfe Castle.
I have been told that property searches are the main reason for obstruction in Corfe Castle conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Corfe Castle.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Corfe Castle is where the house is located. Can you shed any light on this issue?
Flying freeholds in Corfe Castle are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Corfe Castle you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Corfe Castle may ascertain 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.