I am expecting a mortgage offer from Nat West. My intention is to use a Licensed Conveyancer in Milnthorpe. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am buying a property for cash in Milnthorpe. I have resided for the last 15 years in Milnthorpe. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Milnthorpe conveyancing searches are non-obligatory. Your lawyer will 'advise', no-doubt strongly, that you should have searches carried out, but she is duty bound to take that path of advice. One thing to take into account; if you are intend to dispose of the house one day, it could be of relevance to your future purchaser what the searches reveal. Sometimes houses with day to day issues can still throw up unpredicted search results. A competent conveyancing solicitor in Milnthorpe should be able to give you some sensible advice here.
Finally the sale completed on my house in Milnthorpe last February but my buyer keeps e-mailing daily to moan that her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your conveyancer is obliged to send the transfer deeds and all of the paperwork to the buyer’s solicitors. If applicable, your solicitor must also evidence that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion formalities just for conveyancing in Milnthorpe.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Milnthorpe I like with amenity areas and railway links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Milnthorpe in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
We yesterday discovered that one of the partners of the firm acting on the purchase conveyancing in Milnthorpe is an aunty of the vendor. Is this acceptable?
On the basis that no conflict arises this should be fine. Where you are needing a mortgage then the bank may have a say as many lenders have specific requirements concerning this. For example for RBS - Direct Line as of 4/5/2021, the requirements read as follows :