Much to our surprise we have been informed by our estate agent that my Edgwarebury lawyer is not on the bank Conveyancing panel. How can I be certain that this is indeed the case?
The sensible course of action for you to take is to contact your Edgwarebury lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they may be able to suggest a Edgwarebury conveyancing firm that is on the conveyancing panel for your mortgage company.
I have been told that property searches are the primary cause of obstruction in Edgwarebury house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Edgwarebury.
Me and my brother have a 4 bedroom Edwardian property in Edgwarebury. Conveyancing solicitor represented me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. Is it worth asking Nottingham Building Society to clarify?
You need to 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 Edgwarebury and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing practitioner who conducted the work.
How does conveyancing in Edgwarebury differ for newly converted properties?
Most buyers of new build premises in Edgwarebury come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because developers in Edgwarebury usually 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 conveyancing solicitors 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 Edgwarebury or who has acted in the same development.
Why do I have to supply my property lawyer with numerous items of ID before they can proceed with my conveyancing in Edgwarebury?
Edgwarebury solicitors are required by the Law Society, SRA, HM Land Registry and current AML Regulations to certify that the have verified the identity of their clients. It is also sometimes a condition of your lender where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, national insurance number and DOB.