Please help. My East Dean solicitor is advising me that he has toapply for East Dean conveyancing searches stemming from the fact thatthe firm are on the Virgin Moneysolicitor panel. Do I not have a choice here?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a mortgage company your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out East Dean conveyancing searches.
My uncle passed away six months ago and as sole heir and executor I was left the property in East Dean. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this allowed?
If you intend to refinance then Kent Reliance will require that you use a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
We are purchasing a apartment in East Dean. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to deposit money into their account. What protection do 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 happen to be the only recipient of my late mum's estate and I have everything in my name now, including the my former home in East Dean. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I do know about the CML six month 'rule', which means that my proprietorship could be considered the same way as though I had purchased the property in March. Will no one buy the property for half a year?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. many lenders would take a pragmatic view as this clause primarily exists to identify subsales or the wholesaling and assigning of properties.
Bank of Ireland have agreed my home loan in principle, my bid on a flat in East Dean has been agreed to, what happens next?
The property agent will need to know who your solicitors are (ensure that the solicitors are on the bank’s approved list). Contact Bank of Ireland or your financial adviser and finalise any appropriate paperwork. Bank of Ireland will appoint a valuer who will get in contact with the estate agent or vendor to book a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in East Dean.
I am purchasing a property and the conveyancer has identified Chancel Repair for which the house could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in East Dean
Unless a prior purchase of the premises completed after 12 October 2013 you may take it that lawyers conducting conveyancing in East Dean to remain encouraging a chancel search and or insurance against a claim.
I was recommended by numerous property agents in East Dean to locate a solicitor using your seach tool. What’s the financial incentive for Estate Agents to offer your site over a competitor’s?
We don’t give any commission for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.