In the event thatI were to purchase a simple residential housein Poundbury for cash and have no survey and no conveyancing searches how much should I expect to to save on my conveyancing in Poundbury?
The only saving you would achieve is the Poundbury conveyancing searches. The conveyancer is required to do the vast majority of work - money laundering, correspond with the sellers solicitor, stamp duty submission, register the property etc. A marginal saving might be made by not having to register a mortgage but it won't be significant.
We are purchasing a apartment in Poundbury. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to put money into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Barclays panel solicitors in Poundbury on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings open the public over the internet. If you are looking for a Poundbury lawyer on the Barclays please use our tool.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Poundbury bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Poundbury conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The property lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
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 straight forward, no chain conveyancing. Poundbury is the location of the property. Is there any guidance you can impart?
Flying freeholds in Poundbury are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Poundbury you must be sure that your lawyer goes 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 Poundbury 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 premises.
My husband and I are first time buyers - agreed a price, yet the agent has warned us that the seller will only go ahead if we use their chosen solicitors as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer with experience of conveyancing in Poundbury
It is improbable the sellers are behind this. Should the vendor desire ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are genuine buyers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)however you intend to use your preferred Poundbury conveyancing firm - not the ones that will give the estate agent a kickback or meet his conveyancing thresholds demanded by head office.
We are hoping to buy a repossessed flat in Poundbury and the mortgagee in possession would like to complete within a month. Do conveyancing practitioners meet that timeframe? Am I best advised to instruct a high street Poundbury firm or an online firm that advertises to offer speedy conveyancing?
Visit your Poundbury shopping parade. Pop in to a couple of companies and request to talk to a conveyancing solicitor for a quote. Explain your requirements and get a commitment on time frames. Select the firm that seems most genuine. You need to choose a property lawyer on the panel of conveyancers approved by your mortgage company.