Why is leasehold purchase conveyancing in West Yorkshire costs more?
West Yorkshire leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My wife and I are buying a house in West Yorkshire. It might be a silly question but how we can trust a solicitor? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in West Yorkshire?
There are many recorded licenced Conveyancers in West Yorkshire and Solicitor firms in West Yorkshire who can help with your conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I recently had an offer accepted on a house in West Yorkshire. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. A couple of days later, the lawyer called me sheepishly admitting that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
It has been 2 months since my purchase conveyancing in West Yorkshire completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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 residence 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.
I decided to have a survey completed on a house in West Yorkshire in advance of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some mortgage companies will not grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in West Yorkshire. Conveyancing will be smoother if you use a solicitor in West Yorkshire especially if they are acquainted with such properties in West Yorkshire.
My wife and I are buying a studio flat in West Yorkshire. At the time of instructing our conveyancing practitioner, we were told they were on all mainstream bank panels. The financial adviser contacted us just now to say that they don't appear to be on the Nottingham approved list. Were it to be true, what should we do? Do we just find a different solicitor that is on their panel or should we cover the costs for separate representation, with Nottingham selecting their own approved property lawyer.
When buying a property with the benefit of a mortgage it is normal for the purchaser’s solicitors to also represent the mortgage company. In order to act for a bank or building society a solicitor has to be on that lender's conveyancing panel. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to satisfy. Some mortgage companies now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should call Nottingham to find out 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 don't have to instruct a firm on Nottingham's conveyancing panel and you may continue to use your own West Yorkshire solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.