Me and my partner are buying an apartment in Knowle. My Solicitor is not on the lender solicitor panel. Can I still continue with my Knowle conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
One must appoint a property lawyer to complete the legal work required when you need a mortgage to purchase your property. They will conduct all the appropriate investigations on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage paperwork is dealt with. You may appoint a Knowle solicitor of your choice. However, where the property lawyer appointed is not on the lender conveyancing panel further fees will arise as separate legal representation will be required by them. Bank panel applications may be submitted, so provided your lawyer has not previously applied for membership they can do so.
Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a two bedroom flat in Knowle. Do I collect the keys to the house on the completion date from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Knowle?
On the day of completion you will not be required to go to the conveyancers office in Knowle. Your solicitors will transfer the completion advance to the seller's solicitors, and once they have received this, you will be able to receive the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
My fiancee and I are at the point of looking at apartments in Knowle and I am about to put in an offer. Is it wise to have my solicitor on ‘stand by’? I intend to finance via a mortgage with Clydesdale.
It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are obtaining a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
After shopping around on the internet I have found a Knowle conveyancer having made sure that they are on the Co-operative conveyancing panel. Does my lawyer arrange the survey of the property?
Co-operative will need an independent valuation of the property. Your lawyer will not arrange this. Usually Co-operative will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Knowle surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Just acquired a semi-detached house in Knowle , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Knowle conveyancing solicitor works at snail pace, so I want to be sure the registration is concluded.
There is nothing unique when it comes to conveyancing in Knowle registration formalities. As opposed to being determined by geographic area, timescales can adjust depending on the party submitting the application, whether it is in order and whether the Land registry need to notify any third parties. As of today in the region of 80% of submission are completed within 12 days but occasionally there can be protracted delays. Historically registration occurs once the buyer is living at the property therefore an expedited registration is not usually top priority but if there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build flat in Knowle. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Knowle
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Knowle is the location of the property. What do you suggest?
Flying freeholds in Knowle are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Knowle you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Knowle may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.