I am buying a house mortgage free in Stokesley. I have been living for the last 20 years in Stokesley. Conveyancing searches are exorbitant. Given that I have knowledge of the area and road intimately must I have all the conveyancing searches?
In the absence of a home loan, then the vast majority of the Stokesley conveyancing searches are at your discretion. Your conveyancer will try and sway you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it will likely be be of relevance to your prospective purchaser what the searches disclose. On occasion houses with apparent issues can still reveal adverse search results. A good conveyancing solicitor in Stokesley should provide you some sensible guidance here.
We had chosen conveyancers based in Stokesley on the Virgin Money solicitor approved list. They are now charging me an additional amount for dealing with the Virgin Money mortgage. Is this a supplemental conveyancing fee specified by Virgin Money?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer can charge a fee for this. The fee is not set by Virgin Money but by your Stokesley property lawyer. Some firms on the Virgin Money panel will charge an ‘acting for lender’ fee and others do not.
My husband and I are spending time looking at houses in Stokesley and I am now considering a potential offer. Is it best to have my property lawyer on ‘stand by’? I will be getting a mortgage with Leeds Building Society.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are seeking a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.
I have decided to exercise my right to buy my property in Stokesley off the council. I have a mortgage agreed with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
five months have gone by following my purchase conveyancing in Stokesley took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey done on a house in Stokesley prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks may refuse to issue a loan on this type of premises.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stokesley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stokesley to see if the conveyancing costs will increase in light of this.
My father has encouraged me to use his lawyers for conveyancing in Stokesley. Do I take his guidance?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to have referrals from friends or relatives who have used the firm you're contemplating using.