I am expecting a mortgage with Halifax. I would like to retain the legal services of a Licensed Conveyancer in Rothley. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?

The Halifax conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

In the event thatI was to buy a simple residential propertyin Rothley for cash and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Rothley?

The sole saving you would achieve is the Rothley conveyancing searches. A conveyancing practitioner still got to do everything else - money laundering, correspond with the vendors property lawyer, stamp duty return, register the title etc. A marginal saving might be made by not needing to register a mortgage but it will not be meaningful.

Finally the sale completed on my house in Rothley last January but my buyer keeps texting daily to say their lawyer needs to hear from mylawyer. What should my lawyer have done now that I have sold?

Following your sale your conveyancer should send the transfer documentation and all of the paperwork to the buyer’s conveyancer. If applicable, your lawyer should also confirm that the home loan has been paid off to the buyers conveyancers. There are no post completion steps just for conveyancing in Rothley.

I just acquired a house at auction in Rothley. Conveyancing is necessary. What are my next steps?

Given that you have now legally bound yourself to purchase you must choose a conveyancing lawyer quickly as you are faced with a fast approaching deadline in which to complete the purchase. An auction property will have an associated legal pack. This will likely include the copy title deeds, local authority and drainage searches. In the case of leasehold premises the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You should give this to the conveyancer working for you at the earliest opportunity. Do make sure that you have funds in place to complete on the date specified in the contract.

I was told two weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Rothley is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their PI Insurance.

Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.

At last I have had an offer on a flat in Rothley agreed to, but there is a chain. The sellers have put an offer on a property, however it’s not been accepted yet, and have viewings of other flats booked. I have instructed a bricks and mortar conveyancing solicitor in Rothley. What do I do now? At what stage do I apply for the mortgage with Coventry BS?

It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx one thousand pounds, then valuation, Rothley conveyancing search fees, etc). The first thing to do is ensure that your property lawyer is on the Coventry BS conveyancing panel. As to the subsequent phase this very much dictated by the uniqueness of your case, motivation for the property and on the state of the market. In a hot market the majority of buyers will apply for the mortgage with Coventry BS and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with searches.

Can you provide any top tips for leasehold conveyancing in Rothley from the perspective of saving time on the sale process?

• A significant proportion of the delay in leasehold conveyancing in Rothley can be reduced if you get in touch lawyers the minute you market your property and ask them to collate the leasehold information which will be required by the purchasers’ solicitors.
If you have carried out any alterations to the residence would they have required Landlord’s consent? In particular have you laid down wooden flooring? Rothley leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord consenting to such changes. Where you dont have the approvals in place do not communicate with the landlord without contacting your solicitor first. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a flat where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic rather than unsettled. A minority of Rothley leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.

Rothley Leasehold Conveyancing - Examples of Questions you should consider before Purchasing

How long is the Lease? The best form of lease structure is where the freehold interest is in the ownership of the leaseholders. In this situation the lessees enjoy control and notwithstanding that a managing agent is often retained where it is larger than a house conversion, the managing agent is directed by the tenants. Are any of leasehold owners in dispute over their service charge liability?