We see that you have a post code search directory identifying solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Willerby?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Willerby.
My aunt passed away six months ago and as sole heir and executor I was left the property in Willerby. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this possible?
Given you intend to refinance then Leeds Building Society will require that you use a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
I am the sole recipient of my late father’s estate and I have everything in my name alone, including the house in Willerby. The Willerby property was put into my name in August. I want to move. I do know about the CML 6 month 'rule', which means that my property ownership will be considered the same way as if I'd bought the property in August. Is the property unsalable for six months?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. Most banks would take a practical view as this obligation principally exists to identify the purchase and immediately sell or the quick reselling of property.
When it comes to mortgage companies such as Leeds Building Society, do Willerby conveyancing practitioners face a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I was told four weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Willerby is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Willerby is the location of the property. Is there any guidance you can give?
Flying freeholds in Willerby are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Willerby you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Willerby may decide 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 residence.
Midway through the sale of a leasehold flat in Willerby. Conveyancing is fine but we are being charged a fortune from the freeholder. So far we have forked out £275 for a leasehold management information and then a further £117.20 for additional queries raised by the purchaser's conveyancer.
You will not have any say over the level of the bill for this information however the typical fee for the information for Willerby leasehold premises is £350. When it comes to Willerby conveyancing transactions it is conventional for the vendor to pay for these costs. The freeholder or their agents are under no statutory obligation to address such questions most will be willing to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no legislation that requires capped fees for administrative tasks. There is no set time limit by which they are required to issue answers.