My husband and I are hoping to purchase a home in Wolverhampton and are in fact using a Wolverhampton conveyancing practice. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Nottingham Building Society have this morning contacted us to inform me that they have now hit a problem as our Wolverhampton solicitor is not on their approved list of lawyers. Is this a problem?
Where you are buying a property with the assistance of a mortgage it is normal for the purchasers' solicitors to also represent the mortgage company. 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 lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Wolverhampton solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
I am about to put an offer on a leasehold apartment in Wolverhampton. The selling agents advise that it is usual for flats in Wolverhampton to have less than 75 years left on the lease. I am getting a mortgage with Tesco Bank. Will the property be mortgageable given that the lease has 70 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/4/2024 the requirements read as follows :
I require fast conveyancing in Wolverhampton as I am under pressure to complete in less than one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to do searches although no lawyer would advise that you don't. Drawing on years of experience of conveyancing in Wolverhampton the following are examples of issues that can show up and therefore impact future saleability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
Despite weeks of looking the Title Certificate and documents to our home can not be found. The lawyers who handled the conveyancing in Wolverhampton 5 years ago are no longer around. What are my next steps?
As long as you have a registered title the information relating to your ownership will be evidenced by the Land Registry under a Title Number. It is possible to carry out a search at the Land Registry, find your property and secure up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
Is it possible to swap solicitor as I need to retain a firm on the Godiva Mortgages Ltd conveyancing list. I had appointed a family conveyancing solicitor in Wolverhampton round the corner but he is not approved by Godiva Mortgages Ltd
It would be our pleasure to help you find a conveyancing solicitor in Wolverhampton on the Godiva Mortgages Ltd panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Wolverhampton. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Wolverhampton.