I am need of leasehold conveyancing for an apartment in a relatively new development (seven years old) in Ely. Almost all the flats have already been sold. Do I need carry out the local searches for my conveyancing in Ely?
Where you are obtaining a loan, your lender will require some (many) of the searches so you'll have no choice. If not, then Ely conveyancing searches are for you to decide upon. Your solicitor, will ’encourage’, perhaps in the strongest possible terms, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you insist that your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Ely.
Having sold my house in Ely last June but my buyer keeps e-mailing every few hours complaining that their lawyer is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
After completion of your disposal your conveyancer should send the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. If applicable, your lawyer should also send confirmation that the mortgage has been repaid to the buyers lawyers. There are no post completion formalities just for conveyancing in Ely.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Ely. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/2/2024, the requirements read as follows :
Is it correct that all Ely CQS (Conveyancing Quality Scheme) solicitors are on the Clydesdale conveyancing panel?
Some major banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.
I have paid off my mortgage with Santander. I assume I don't need a Ely lawyer on the Santander panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander 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 Santander mortgage from the register. Santander, 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 Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Ely building society branch on various occasions and was told they are content with the situation and they would lend. My Ely conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend in accordance with their published requirements. I simply don't know who is right.
The lawyer has to comply with the CML Handbook section two requirements for your 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 remaining.
I am looking into buying my first house which is in Ely and I am already nervous. I couldn't find anything specific about Ely. Conveyancing will be needed in due course but do you know about the Ely area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Ely. In the meantime here are some basic statistics that we found