Unfortunately I am unable to travel far from Ravensthorpe. Please spell out why all Ravensthorpe conveyancing practitioners are not on all bank panels?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. This led to lenders culling a number of firms from their books of approved conveyancers .
We're in Ravensthorpe, FTBs buying with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Ravensthorpe?
There are many registered licenced Conveyancers in Ravensthorpe and Solicitor firms in Ravensthorpe who provide Conveyancing services It is important to make clear that the two are regulated professionals specialising in the legal aspects of the home buying process. The two can handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I am helping my mother sell her property in Ravensthorpe. Does the conveyancing solicitor commission an energy assessment or it is for the owner to coordinate?
Following the demise of Home Information Packs, energy assessments remained a compulsory element of selling a property. An EPC should be to hand before the property is advertised. This is not something that law firms ordinarily arrange. If you are using a Ravensthorpe conveyancing solicitor they might be willing to arrange EPC’s due to their contacts with long established local assessors
I have instructed a Ravensthorpe solicitor having made sure that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Ravensthorpe surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My wife and I have a terraced Victorian property in Ravensthorpe. Conveyancing solicitor represented me and Barclays . I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same property. Is it worth asking Barclays to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be 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 Ravensthorpe and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who conducted the conveyancing.
I am buying a leasehold property in Ravensthorpe. Conveyancing estimates are averaging around £1650. Is that in the right ballpark?
The average cost in 2014 for conveyancing in Ravensthorpe was just over one thousand four hundred and fifty pounds not including Land Tax and HMLR charges.