My wife and I are acquiring property in Mold. My property lawyer has never been on on the mortgage company conveyancing panel. Can I still continue with my Mold conveyancing solicitor even though they are not on the bank list of approved lawyers?
Various options include
- Complete the purchase with your existing Mold conveyancer but your bank will no doubt appoint a conveyancing practitioner from their conveyancing panel. The net result is additional cost and probable interruption.
- Appoint a new solicitor to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Convince your lawyer to do everything within their powers to get accepted on the mortgage company panel of solicitors
My wife and I have recently appointed a conveyancing solicitor in Mold. I I would like to check whether they are on the Nationwide Building Society conveyancing panel. Could you help?
The first thing to do is call your lawyer and enquire whether they are on the lender panel. Alternatively you can get in touch with Nationwide Building Society who may be able to confirm.
2 months have elapsed since my purchase conveyancing in Mold concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Mold in advance of instructing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks will not grant a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Mold. Conveyancing may be slightly more expensive based on your lender's requirements.
My wife and I may need to sub-let our Mold 1st floor flat for a while due to a new job. We used a Mold conveyancing practice in 2003 but they have closed and we did not think at the time get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Notwithstanding that your previous Mold conveyancing solicitor is not available you can review your lease to see if it allows you to sublet the apartment. The accepted inference is that if the lease is silent, subletting is permitted. Quite often there is a prerequisite that you need to seek consent from your landlord or other appropriate person prior to subletting. The net result is that you cannot sublet in the absence of first obtaining consent. The consent is not allowed to be unreasonably refused ore delayed. If the lease does not allow you to sublet you should ask your landlord for their consent.
Mold Leasehold Conveyancing - Sample of Queries Prior to Purchasing
What is the yearly service fee and ground rent? Who are the managing agents? On the whole the cost for major works tend not to be included within service charges, albeit that there some managing agents in Mold obliged leasehold owners to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.