I am buying a property for cash in Leicestershire. I have resided for the last 20 years in Leicestershire. Conveyancing searches are exorbitant. Given that I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Leicestershire conveyancing searches are at your discretion. Your lawyer will 'advise', no-doubt strongly, that you should have searches carried out, but he has a professional duty to take that path of advice. One thing to bear in mind; if you are likely to sell the house at a future date, it could be of relevance to your prospective buyer what the searches determine. There are plenty of instances where houses with day to day issues can still throw up negative search results. A good conveyancing solicitor in Leicestershire should be able to give you some helpful guidance concerning this.
I have been told by my conveyancer that restrictive coveneant insurance is necessary on my purchase. What is the level of cover for Leicestershire conveyancing?
The appropriate level of restrictive coveneant indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and The Mortgage Works. Conveyancing lawyers as opposed to members of the public take out such policies.
Are all Leicestershire Conveyancing Quality Solicitors on the HSBC conveyancing list of approved solicitors?
Some major banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
My wife and I are in the throws of viewing apartments in Leicestershire and I am about to put in an offer. Is it advisable to have a conveyancing practitioner on ‘stand by’? I will be getting a home loan with Principality.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are getting a mortgage with Principality, ask your prospective lawyers if they are on the Principality conveyancing panel otherwise they can't do the mortgage legal work.
I need some fast conveyancing in Leicestershire as I am faced with an ultimatum to sign on the dotted line in less than 2 weeks. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to have searches conducted although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Leicestershire the following are examples of issues that can crop up and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
I have todayfound out that Action Conveyancing have closed. They conducted my conveyancing in Leicestershire for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Leicestershire conveyancing specialists.
I'm converting the mortgage on my current home to a BTL loan with Barclays and intend to use the remaining equity towards a second property. The area we are interested in is Leicestershire. Will your lawyers be able to act for both sets of lenders and tie in the two deals?
Make use of our search tool on this page to ensure that the solicitors are approved by both lenders. Assuming that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and make clear your desired outcome and requirements.