Much to our surprise we have been advised by our broker that my Stroud solicitor is not on the mortgage company Solicitor panel. What can I do to be certain whether this is indeed the case?
The first thing you need to do is to call your Stroud conveyancer. You lawyer should notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
As someone unfamiliar with the Stroud conveyancing process what’s your top tip you can give me concerning the legal transfer of property in Stroud
Not many law firms shout this from the rooftops but conveyancing in Stroud and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the legal transfer of property. For example, the seller, property agent and even potentially the bank. Selecting a solicitor for your conveyancing in Stroud should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to act in your legal interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You your first instinct should be to trust your lawyer above all other parties in the home moving process.
I have been told that property searches are the number one cause of obstruction in Stroud house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Stroud.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one near me in Stroud I like with open areas and railway links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Stroud suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
My uncle has urged me to instruct his lawyers for conveyancing in Stroud. Do I follow his advice?
There are no two ways about it the ideal way to find a conveyancing practitioner is to get referrals from friends or relatives who have actually experience in using the conveyancer you're considering.