Me and my husband are buying residence in Kendal. My lawyer is not listed on the bank approved panel. Am I still permitted to retain my Kendal conveyancing solicitor even though they are not on the lender approved list?
You have numerous alternatives open to you here
- Complete the purchase with your existing Kendal lawyer but your mortgage company will need to appoint a lawyer on their approved panel. The net result is additional cost together with potential delay.
- Appoint a new lawyer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your property lawyer to seek to join the mortgage company panel
At what point can the exchange of contracts happen for sale conveyancing in Kendal and do I need to attend the conveyancers office?
If you are in close proximity to our conveyancing solicitors in Kendal you are invited in to sign contracts. That being said, the law practices we work with supply countrywide coverage for conveyancing and provide as equally detailed and professional a job for you when communicating with you electronically. The signing of the contract is not when everything is set in stone. A signed contract is necessary for the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Kendal)to be in the office available at the end of the phone to exchange contracts.
I have been on the look out for a ground for flat up to £305k and found one near me in Kendal I like with a park and railway links in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Kendal suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the shortness of the lease may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I need to retain a conveyancing solicitor for some conveyancing in Kendal. I have chance upon a site which looks to be the ideal answer If it is possible to get all the legals completed via phone that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am buying a house and cash is in place. My lawyer has been handed with two separate evidence of photo identification, bank statement, endless utility bills. Now he needs a copy from a probate lawyer acknowledging that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Kendal conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.