Me and my fiance are purchasing a 1 bedroom apartment in Cowfold with a mortgage. We like our Cowfold lawyer, however the bank says she’s not on their "panel". We have to appoint one of the lender panel solicitors or retain our Cowfold solicitor as well as pay for one of their panel lawyers to act for them. This feels very unfair; can we not insist that the mortgage company use our Cowfold solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Cowfold conveyancing solicitor to apply to be on the conveyancing panel.
It is 10 years ago since I acquired my home in Cowfold. Conveyancing solicitors have just been retained on the sale but I can't track down my deeds. Will this jeopardise the sale?
You need not be too concerned. First there is a chance that the deeds will be retained by the lender or they may be in the possession of the lawyers who handled the purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Cowfold relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I just bought a flat at auction in Cowfold. Conveyancing is needed. What happens now?
Having for all intents and purposes signed on the dotted line you should appoint a conveyancing lawyer quickly as you are faced with a fast approaching a fixed date to complete the property. All auction property will ordinarily have a bespoke legal pack. This will include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold premises the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You should pass this on to the conveyancer working for you ASAP. Do make sure that that you have the requisite funding in order to complete on the date specified in the contract.
My father informed me that in purchasing a property in Cowfold there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of a number of properties in Cowfold which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Cowfold should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am purchasing a end of terrace house in Cowfold. We would like to carry out a loft conversion at the house.Will the conveyancing process involve checks to see if these alterations were previously refused?
Your conveyancer should review the registered title as conveyancing in Cowfold can on occasion reveal restrictions in the title documents which restrict certain alterations or need the permission of another owner. Certain additions call for local authority planning consent and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
How does conveyancing in Cowfold differ for newly converted properties?
Most buyers of new build residence in Cowfold approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Cowfold tend to buy 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 conveyancers 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 Cowfold or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Cowfold is where the house is located. What do you suggest?
Flying freeholds in Cowfold are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cowfold you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cowfold may determine 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.