My fiance and I are acquiring a flat in Goodwick. My property lawyer is not on the mortgage company solicitor panel. Am I still permitted to appoint my Goodwick conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You have a number of choices open to you here
- Proceed with your existing Goodwick conveyancer but your mortgage company will need to retain a conveyancer on their approved list. The net result is additional cost and likely frustration.
- Get a fresh conveyancing practitioner to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your conveyancer to pull out all the stops to get accepted on the lender’s panel of solicitors
I have an AIP. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to use a specialised conveyancing solicitor in Goodwick?
Do check but the chances are that appoint one of their panel solicitors if you want the "fee-free" incentive. Contact the bank to ask if they make available a monetary alternative. Some banks have previously offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Goodwick.
I moved into my house on 16 March and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Goodwick said it would be formalised in less than a month. Are titles in Goodwick uniquely lengthy to register?
There is nothing unique about conveyancing in Goodwick registration formalities. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and if the Land registry communicate with any interested parties. At present in the region of 80% of submission are fully dealt with in less than three weeks but occasionally there can be protracted delays. Registration occurs after the new owner is living at the premises therefore 'speed' is not typically primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a ground for flat up to £235,500 and found one near me in Goodwick I like with open areas and transport links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Goodwick suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Is there a distinction between surveying and conveyancing in Goodwick?
Conveyancing - in Goodwick or anywhere in England and Wales - is the process of legally transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the vendor to fix the problems before you move in.