I require conveyancing for a flat in a fairly new development (seven years built) in Penshaw. The vast majority the properties are already sold. Is it strictly necessary to order conveyancing searches as part of conveyancing in Penshaw?
A big part of the Penshaw legal transfer of property is the conveyancing searches. There are numerous companies who offer Penshaw conveyancing searches, as well direct from the local authority. These are usually referred to as personal search companies and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
We note that you have a post code search directory identifying law firms on the Co-operative conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Penshaw?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Penshaw.
We have a mortgage agreed in principle with Leeds Building Society. Penshaw conveyancing lawyers were selected. How long does it take for Leeds Building Society to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Leeds Building Society conducted the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
We expect to receive a DIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Penshaw solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Penshaw solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
Lloyds have agreed my home loan in principle, my offer on a apartment in Penshaw has been accepted, what happens next?
The property agent will need to know who your solicitors are (be sure the conveyancers are on the lender’s approved list). Call up Lloyds or your broker and finish off any appropriate paperwork. Lloyds will instruct a valuer who will get in contact with the estate agent or owners to arrange an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Lloyds will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Penshaw.
Me and my brother purchased a renovated Georgian property in Penshaw. Conveyancing solicitor acted for me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penshaw and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Penshaw is where the house is located. What do you suggest?
Flying freeholds in Penshaw are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Penshaw you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penshaw may ascertain 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.