My fiancee and I are acquiring our first house. Our lawyer has e-mailedto enquire if we want to purchase additional conveyancing searches. Frankly we have no idea as to what's necessary for conveyancing in The Ridgeway
The scope of The Ridgeway conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your familiarity of the area and risks, your general appetite to risk. What matters is that you adequately comprehend what information each search could supply. Then you can decide if you consider that you need that information. Should you be unsure, ask your property lawyer to advise.
How up to date is your search tool for The Ridgeway conveyancing solicitors on the Santander conveyancing panel? Do Santander send you an updated list?
The Ridgeway conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I'm at the point of looking at houses in The Ridgeway and I am now considering a potential offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Yorkshire BS.
You should start obtaining conveyancing quotes from solicitors ASAP. 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 contact information on to the EA. As you are obtaining a mortgage with Yorkshire BS, ask your prospective lawyers if they are on the Yorkshire BS conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat in The Ridgeway. I have a mortgage offer with Principality. Conveyancing is new to me. 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 Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
It is not clear whether my bank requires a lease extension. I have called into my local The Ridgeway bank branch on a couple of occasions and was told it wasn't a problem and they would lend. My The Ridgeway conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. I simply don't know who is right.
Provided that the conveyancing practitioner is on the lender approved list, she or he must comply with the CML Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
3 months have gone by since my purchase conveyancing in The Ridgeway took place. I have checked the Land Registry website which shows that I paid £200,000 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.
How much experience do your The Ridgeway conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
The Ridgeway conveyancing lawyers help thousands of people move home every year and helped lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique The Ridgeway conveyancers have worked on recent similar matters.