I am getting a mortgage with Santander. My intention is to enlist the help of a Licensed Conveyancer in Victoria Park. Does the Santander Conveyancing panel include Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I just bought a property at auction in Victoria Park. Conveyancing is required. What is next?
Now that you are for all intents and purposes signed on the dotted line you now have to instruct a conveyancing lawyer quickly as you are facing a tight deadline in which to complete the purchase. All auction property will have a corresponding legal set of papers. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You need to pass this on to the conveyancer working for you as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the date specified in the contract.
I have decided to exercise my right to buy my property in Victoria Park off the council. I have a mortgage agreed with Santander. 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 Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
It is unclear whether my mortgage offer requires a lease extension. I have called my Victoria Park bank branch on a couple of occasions and was told they are content with the situation and they will lend. My Victoria Park conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend in accordance with their specific requirements. I simply don't know who is right.
The conveyancing practitioner must follow the CML Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
How does conveyancing in Victoria Park differ for newly converted properties?
Most buyers of new build premises in Victoria Park come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Victoria Park tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Victoria Park or who has acted in the same development.
What does commercial conveyancing in Victoria Park cover?
Commercial conveyancing in Victoria Park incorporates a broad range of advice, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My wife and I are selling a Victoria Park apartment we inherited ten years ago in 2009. I have over ten years conveyancing know-how and, now retired, see no reason not to do my own legal work. The purchaser's conveyancer has informed me that their bank will not allow you to do your own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Lending requirements to conveyancing practitioners from all CML members state that If the seller is not legally represented the buyer’s lawyers should check whether the lender needs to be told so that a decision can be reached as to whether or not they are prepared to move forward.