My best friend’s mother is a property lawyer. I am hopeful that I'll be able to get mate’s pricing for conveyancing, However if that does not come materialise, what kind of costs would I typically be looking at for conveyancing in Countesthorpe?
Do compare pricing. Do use our comparison tool on this page. You will notice that prices do be different but service levels do are distinct between conveyancers as is true with most professions.
My partner and I are purchasing a brand new flat in Countesthorpe and my conveyancer is informing me that she is duty bound to the bank to disclose incentives from the builder. I am under pressure to exchange and my preference is not to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
At what point will exchange of contracts happen for residential conveyancing in Countesthorpe and am I required to be at the solicitors branch?
If you are near to our conveyancing solicitors in Countesthorpe you are invited in to sign documents. That being said, the law practices we work with supply countrywide coverage for conveyancing and give just as diligent and professional a job for you when communicating with you electronically. The signing of the purchase agreement is not the critical part. Signing on the dotted line simply enables the firm to officially exchange when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Countesthorpe)to be in the office at the appropriate time.
My wife and I are in the throws of looking at houses in Countesthorpe and I am now considering a potential offer. Is it wise to have a property lawyer on ‘stand by’? I am planning to take a home loan with TSB.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are taking out a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I have today made my last payment due on my mortgage with HSBC. I assume I don't need a Countesthorpe property lawyer on the HSBC panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC 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 HSBC mortgage from the register. HSBC, 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 HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
It is unclear whether my lender requires a lease extension. I have called my Countesthorpe building society branch on various occasions and was informed it wasn't an issue and they would lend. My Countesthorpe conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the property lawyer is on the mortgage company panel, they must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Countesthorpe is where the house is located. Can you shed any light on this issue?
Flying freeholds in Countesthorpe 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 Countesthorpe you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Countesthorpe 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 premises.