I am getting a mortgage offer from Halifax. I intend to employ the services of a Licensed Conveyancer in Seascale. Does the Halifax Solicitor panel include Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I am in a contract race with another buyer for a property in Seascale. What can be done to accelerate the buying process?
In the event that you are under a tight deadline for your conveyancing it is advisable to make sure that your solicitor is familiar with the location as they will have local relationships and insight. It is possible that they may have conducted otherproperties in the same street. Therefore consider using a Seascale conveyancing firm. Second, ensure that the lawyer is on the on the approved list for your mortgage company. It is said that 18% of Seascale conveyancing deals are frustrated or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being frustrated by as much as 21 days. It is estimated that this issue affects in the region of one hundred thousand home sales every year. Many Seascale conveyancing firms can not represent certain banks so do check at the outset.
I require expedited conveyancing in Seascale as I have an ultimatum to sign on the dotted line in less than one month. Fortunately I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are not obtaining a home loan you have the choice not to have searches carried out although no solicitor would advise that you don't. With lots of history conveyancing in Seascale the following are instances of what can be revealed and therefore affect the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Railway Schemes,...
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Seascale I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Seascale suitable, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease will be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I have been recommended by numerous estate agents in Seascale to select a conveyancer on your site. Is there a financial upside for Estate Agents to market your lawyers rather than a competitor’s?
We refuse to offer any commission for sending work to this site. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.