My husband and I are hoping to buy a home in Wallasey and are in fact using a Wallasey conveyancing practice. Within the past 48 hours our conveyancer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Godiva Mortgages Ltd have this morning contacted us to inform me that there is now an issue as our Wallasey solicitor is not on their conveyancing panel. Is this a problem?
If you are buying a property needing a mortgage it is conventional for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Wallasey lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Me and my brother own a renovated Georgian house in Wallasey. Conveyancing solicitor acted for me and Santander. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wallasey and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing practitioner who conducted the work.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Wallasey is where the house is located. What do you suggest?
Flying freeholds in Wallasey are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wallasey you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wallasey may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Taking into account that I am about to spend over three hundred thousand on 3 bedroom house in Wallasey I wish to talk to a conveyancer about myhome move before appointing the firm. Is this something that you can arrange?
This is something that we encourage - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer who will be carrying out your conveyancing in Wallasey.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter number. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Wallasey should be the amount on the final invoice that you end up paying.
In scouring the web for the words conveyancing in Wallasey it shows results of many solicitorslocally. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The preferential method of finding the right conveyancer is via personal testimonial, so ask colleagues and family who have bought a property in Wallasey or a respected estate agent or mortgage broker. Costs for conveyancing in Wallasey differ, so it's a good idea to obtain at least three fee estimates from varying types of companies. Be sure to secure confirmation what costs in the quote includes.