I sincerely hope you can help me. My Kings Norton solicitor is advising me that he is legally obliged toconduct Kings Norton conveyancing searches due to the fact thatthe firm are on the Virgin Moneyapproved lawyer panel. These Kings Norton checks cost a lot of money can this be avoided?
You have limited options available to you. As you are obtaining a home loan with a lender your property lawyer 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 comply with the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Kings Norton conveyancing searches.
Can your site be used to find a Conveyancing solicitor in Kings Norton even if I’m not purchasing or selling a house, for example if I want to acquire a shop in Kings Norton with a mortgage from Bank of Ireland?
Our comparison service is mainly utilised to select residential conveyancing solicitors in Kings Norton but we have listed towards the bottom of this page a few Kings Norton commercial conveyancing firms. You should speak with the solicitors directly to see if they are also authorised to represent Bank of Ireland
I am the sole beneficiary of my late mum's estate with all property in now in my sole name, including the my former home in Kings Norton. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML 6 month 'rule', which means that my property ownership may be considered the same way as if I'd bought the property in December. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation is principally there to identify the purchase and immediately sell or the wholesaling and assigning of property.
Can you point me to a directory of UBS panel conveyancers in Kings Norton on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings visible over the internet. If you are looking for a Kings Norton lawyer on the UBS please make the most of our tool.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Kings Norton building society branch on various occasions and was advised it wasn't a problem and they would lend. My Kings Norton conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. Who do I believe?
The lawyer must follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank 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 bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a property in Kings Norton? or I am told that there is a law dating back centuries that could mean that owners of property residing in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this a legitimate concern for conveyancing in Kings Norton?
Unless a previous acquisition of the property completed after 12 October 2013 you could take it that conveyancing practitioners handling conveyancing in Kings Norton to continue to recommend a chancel search and or insurance against a claim.
I am looking for a ground for flat up to £235,500 and found one near me in Kings Norton I like with open areas and transport links in the vicinity, however it only has 52 remaining years left on the lease. There is not much else in Kings Norton in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.