is it true that all Saxilby conveyancing solicitors on the Barclays conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Barclays conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel and in such a situation the organisation would be governed by the Council of Licensed Conveyancers.
I am expecting a AIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Saxilby solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Saxilby solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
Our sealed bid on a detached house in Saxilby has been agreed to, the sellers do however have a tied purchase. The owners have placed an offer on a flat, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Saxilby. What should be my next step? At what point do I apply for the mortgage with Yorkshire BS?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx £1k, then survey, Saxilby conveyancing search costs, etc). First, you must check that your solicitor is on the Yorkshire BS approved list. Concerning the next stages this very much depends on the uniqueness of your transaction, attraction to the property and on the state of the market. In a buoyant market many buyers will apply for the mortgage with Yorkshire BS and pay for the valuation and only if it was satisfactory would they pay their solicitor to move forward with searches.
What does a local search reveal concerning the house we're buying in Saxilby?
Saxilby conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example PSG The local search plays an important part in many a Saxilby conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Me and my brother have a semi-detached Victorian house in Saxilby. Conveyancing practitioner acted for me and Nottingham Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to read 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 Saxilby and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing practitioner who conducted the work.
How does conveyancing in Saxilby differ for new build properties?
Most buyers of new build property in Saxilby approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Saxilby typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Saxilby or who has acted in the same development.
Am I better off to instruct a Saxilby conveyancing practitioner who is local to the property I am purchasing? An old friend can handle the conveyancing but they are based approximately 350kilometers away.
The primary upside of using a local Saxilby conveyancing practice is that you can drop in to execute paperwork, hand in your ID and apply pressure on them where appropriate. Having local Saxilby know how is a bonus. However it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and in the main were impressed that must trump using an unfamiliar Saxilby conveyancing solicitor solely due to them being local.