Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Whiteley?
There are many recorded licenced Conveyancers in Whiteley and Solicitor firms in Whiteley to choose from It is important to make clear that the two are regulated professionals specialising in the legal work in the home buying process. Both can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
My wife and I are in the process of looking at houses in Whiteley and I am about to put in an offer. Is it sensible to have a lawyer on ‘stand by’? I intend to finance via a mortgage with Lloyds.
It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. Given that you are seeking a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I have paid off my mortgage with Lloyds. I assume I don't need a Whiteley conveyancer on the Lloyds panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Lloyds mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Lloyds mortgage from the register. Lloyds, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
What can a local search tell me regarding the property we're purchasing in Whiteley?
Whiteley conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for instance Xpress Legal The local search is essential in every Whiteley conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
It has been 4 months following my purchase conveyancing in Whiteley completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. 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 does conveyancing in Whiteley differ for newly converted properties?
Most buyers of new build residence in Whiteley come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Whiteley typically buy the site, 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 conveyancers 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 Whiteley or who has acted in the same development.
Is it necessary during the course of the conveyancing process to attend the offices of the lender conveyancing panel solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Whiteley as it will be easier to pop in to their offices if required.
Whereas this was necessary ten years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Whiteley.