Is there a reason why leasehold purchase conveyancing in Craven Arms is more expensive?
The conveyancing fees for a leasehold premises in Craven Arms is inevitably greater than on a freehold residence. This is due to the extra investigations necessary in dealing with the freeholder and managing agents to collate the information about whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
We are purchasing a flat in Craven Arms. It might be a silly question but how we can trust a conveyancer? On completion day we will need to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have today made my last payment due on my mortgage with Bank of Ireland. I assume I don't need a Craven Arms solicitor on the Bank of Ireland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland 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 Bank of Ireland mortgage from the register. Bank of Ireland, 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 Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
UBS have agreed my home loan in principle, my bid on a house in Craven Arms has been agreed to, what are the next steps?
Your property agent will want to be informed of your conveyancing practitioner's details (ensure that the conveyancing practitioners are on the bank’s panel). Call up UBS or your financial adviser and finish off any outstanding forms. UBS will appoint a valuer who will get in touch with the estate agent or owners to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. UBS 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 Craven Arms.
I need some expedited conveyancing in Craven Arms as I have a deadline to exchange contracts in less than one month. Fortunately I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Craven Arms the following are examples of what can be revealed and adversely affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Railway Schemes,...
Me and my brother purchased a renovated Edwardian property in Craven Arms. Conveyancing lawyer acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Craven Arms and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing lawyer who conducted the purchase.
I am 18 days into a freehold purchase having been directed to solicitors by the local agent to perform conveyancing in Craven Arms. I am not happy. Could you help me find new lawyers?
They would have to be very poor to suggest replacing them. Has your loan offer been sent? In the event that it has you will need to inform them of the new contact details and ensure the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the mortgage company approved list to avoid added expenses and delays. That should be your first question of the new lawyers. The search tool can help you find a lender approved lawyer for your home move in Craven Arms