We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather appoint a local conveyancing solicitor in South Molton?

Do check but the chances are that appoint one of their panel solicitors where you accept the "fee-free" offer. Speak to the mortgage company to determine if they allow a cash alternative. In the past a few lenders offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near South Molton.

I am aiming to move property in April. Does my conveyancing solicitor communicate with the removal company on the completion day. Incidentally, can you recommend a removal company in South Molton. Conveyancing firm was found before I stumbled across this website.

On the afternoon of completion you can collect the keys from your property agent but this can only happen when the vendors lawyers inform the agent that they acknowledge receipt of the completion payment and the keys can be passed over. You should tell the removal company that you are ready to move in. We are not in a position to suggest a specific removal organisation but can assist you in locating a conveyancing in South Molton or a solicitor that specialises in conveyancing in South Molton.

How can we tell if a South Molton conveyancing solicitor on the UBS panel is any good?

When it comes to conveyancing in South Molton getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your conveyancing.

After what feels like an age I have had an offer on a flat in South Molton accepted, the sellers do however have a tied purchase. The vendors have offered on a property, but it’s not yet agreed to, and are looking at other flats booked. I have selected a local conveyancing solicitor in South Molton. What should be my next step? When should I get the mortgage application with Bank of Ireland started?

It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then survey, South Molton conveyancing search charges, etc). First, you should check that your solicitor is on the Bank of Ireland conveyancing panel. Concerning the subsequent stages this very much depends on the uniqueness of your case, desire for this property and on the state of the market. In a rising market the majority of purchasers would apply for a home loan with Bank of Ireland and arrange for the valuation and only if it comes back ok would they ask their conveyancing practitioner to move forward with the conveyancing in South Molton.

Due to the input of my in-laws I had a survey completed on a property in South Molton before instructing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies will not issue a mortgage on such a premises.

It varies from the lender to lender. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Molton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Molton to see if the conveyancing will be more expensive.

My husband and I are 17 days into a residential purchase having been directed to solicitors by the high street agent to execute conveyancing in South Molton. We are not happy. Can you you assist me in finding new lawyers?

A lawyer would have to be very bad to suggest changing them. Has the mortgage offer been issued? In the event that it has you will need to make them aware of the new contact details and ensure the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders panel to avoid supplemental fees and complications. So that should be your starting point. Our find a solicitor tool should assist you in finding a bank approved solicitor for your home move in South Molton

I work for a busy estate agent office in South Molton where we have witnessed a number of leasehold sales derailed as a result of short leases. I have received inconsistent advice from local South Molton conveyancing firms. Could you clarify whether the vendor of a flat can commence the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

South Molton Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

Generally speaking the cost for major works tend not to be included within service charges, although there some managing agents in South Molton obliged tenants to pay into a reserve fund created for the specific intention of building a fund for major works. Best to be warned if changing the roof or some other major work is due in the near future to be shared amongst the tenants and may well dramatically increase the the service costs or result in a specific payment. This question is important as a) areas can cause problems for the building as the common areas may start to deteriorate where maintenance are not paid for b) if the tenants have an issue with the running of the building you will want to have all the details