I just bought a flat at auction in Thornton Cleveleys. Conveyancing is needed. What is next?
Given that you are now legally bound yourself to purchase you will need to appoint a conveyancing solicitor quickly as you are faced with a pending a fixed date to complete the purchase. An auction property will ordinarily have a corresponding legal pack. This will include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You must give this to the conveyancer working for you ASAP. Do make sure that you have funds in order to complete the transaction on the set completion date.
is it true that all Thornton Cleveleys conveyancing solicitors on the HSBC conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be overseen by the SRA. Many mortgage companies do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
We expect to receive a DIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Thornton Cleveleys solicitors on the Yorkshire BS conveyancing panel, or is it better to go independently?
You will need to appoint Thornton Cleveleys solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I moved into my flat on 9 April and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Thornton Cleveleys expressed confidence that it should be recorded inside ten days. Are properties in Thornton Cleveleys particularly slow to register?
As far as conveyancing in Thornton Cleveleys registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can adjust subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested parties. At present in the region of 80% of such applications are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Registration takes place once the new owner has moved in to the property thus registration formalities is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
Over the last few months I have been searching for a flat up to £235,500 and identified one close by in Thornton Cleveleys I like with a park and station nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Thornton Cleveleys in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
We are 18 days into a freehold purchase having been referred to conveyancers by the selling agent to carry out the conveyancing in Thornton Cleveleys. I am am very disappointed with the level of service. Can you help me find new conveyancers?
They would need to be really bad to suggest diss instructing them. Has the loan offer been sent? In the event that it has you need to advise them of the new contact details and get the mortgage documents are re-issued. Your new solicitor ideally should be on the lenders panel to avoid escalating charges and frustration. So that should be your first question of the new solicitors. The search tool can help you find a lender approved conveyancer for your home move in Thornton Cleveleys
I acquired a property in Thornton Cleveleys last 13/11/2017 and to date it is still not registered with the Land Registry. It is part of a new estate and my conveyancer told me that it may take twelve months to complete the registration formalities. I have contacted HMLR directly and they have informed me the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your solicitor that you should get in touch with in order to satisfy any concerns which have been raised as part of the registration process for your Thornton Cleveleys property. Normal Thornton Cleveleys conveyancing practice includes an undertaking on the part of the previous owner’s property lawyer that they will help resolve any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.